As panicked spinners continued to book big-lot deals to meet their rising demand amid improved exports, cotton prices hit to a seasonal high for new crop on Thursday at cotton market.
The local market also remained highly volatile as slow arrivals of phutti (seed cotton) failed to meet a surge in cotton demand from spinners, influenced by global factors of a big gap between demand and supply, brokers said.
Most deals in Sindh variety cotton were transpired at Rs6,350 per maund (around 38 kilograms) and that of Punjab quality at Rs6,400 per maund.
However, stakeholders are irked by the Karachi Cotton Association (KCA) for not fixing cotton spot rates in line with current ready counter trend because they believe this distorted the market price-line.
The KCA raised its spot rate by Rs150, to Rs6,000 per maund.
The major deals that changed hands were: 1,200 bales from Mirpur Khas (at Rs6,200 to Rs6,300), 1,000 bales Shahdadpur (Rs6,200 to Rs6,300), 2,600 bales Tando Adam (Rs6,200 to Rs6,350), 1,600 bales Sanghar (Rs6,200 to Rs6,350), 1,000 bales Hyderabad (Rs6,250 to Rs6,350), 200 bales Pak Pattan (Rs6,400), 200 bales Mian Channu (Rs6,400) and 200 bales Chichawatni (Rs6,400).
AbTF strengthened its work on sustainably verified natural fibers in 2025, continuing to expand its programs despite challenges across global…
A new UK-funded clean energy project is set to begin in Pakistan, with the aim of converting cotton and other…
Researchers are investigating whether microorganisms can help improve desert sand conditions and make them more suitable for agriculture while using…
Woolchemy and Lenzing are collaborating on a new ADL for hygiene products that combines New Zealand wool with wood-based VEOCEL…
Researchers in Finland have developed a leather-like material made from mushroom mycelium, the network of fine fibres that grows beneath…
The UAE has partnered with the Ellen MacArthur Foundation to support the development of policies aimed at making the country’s…