At the end of week, cotton market turnover remained low due to lack of buying interest from local spinners and mills. Cotton prices continued to move downwards on Saturday, amid fall in cotton yarn demand.
Traders bought near 1500 bales at the ready counter with prices plunging down to Rs5,300/maund. Brokers said that trader sentiments remained bearish as they preferred to make small transactions in accordance with their immediate demand.
The Karachi Cotton Association kept the spot rate unchanged at Rs5,500/maund.
The market failed to attract buying interest from local textile mills despite fall in prices.
While, on global front, cotton markets including China, India and the United States witnessed an upward trend and recorded gains on rise in buying.
Hyosung will present its latest textile innovations made from renewable and recycled resources at Première Vision Paris, taking place from…
Karl Mayer has expanded its RDJ machine range with the new RDJ 6/2 in E 32 gauge to give manufacturers…
Manchester-based clothing manufacturer WAWWA is investing £120,000 in digital manufacturing technology to improve factory productivity and reduce material waste.
HKRITA has developed an intelligent clothing system that can automatically adjust its thermal insulation according to changes in temperature.
British knitwear manufacturer John Smedley and London-based fashion label Wales Bonner have released their second co-branded collection for Autumn/Winter 2026.
ReFiber has launched a campaign to collect unused clothes from consumers and help address the growing problem of post-consumer textile…