Prices at the cotton market remained firm during the post holiday session on Saturday, dealers said. According to the market sources, holiday mood persisted as almost all participants were busy in exchanging Eid greetings.
The official spot rate was unchanged at Rs 5,800, while in Sindh and Punjab, prices of seed cotton were at Rs 2700-3100, per 40 kg, respectively.
In ready business, around 1000 bales of cotton changed hands between Rs 6050 and Rs 6100, dealers said.
As per cotton analyst, Naseem Usman, prices were firm in line with international track in the local market. Trading activity may pick up in coming days, but it is most likely that rates may not move up sharply as a result of expected rise in phutti supply with the passage of time.
Pakistan’s 2016-17 cotton production is forecast at 8 million 480-pound bales, down a million bales from USDA’s June estimate, according to a U.S. agricultural attaché report.
Global Fashion Agenda and ReHubs have launched the 2030 Circularity Blueprint to strengthen T2T recycling and support the transition toward…
Accelerating Circularity has introduced Textile-to-Textile Circularity Foundations to improve coordination and implementation in T2T recycling systems.
Claras Materials LLC has announced its launch as a specialised supply chain company focused on post-consumer textile raw materials.
Aegis Fibretech has presented results showing that its new electrospun materials can capture and contain neutrons generated in nuclear fusion…
Denim Deal, an initiative to promote circular practices in denim production, is working toward expanding textile recycling efforts in India…
Natural Fiber Welding (NFW), based in Peoria, Illinois, has introduced Pliant footwear outsoles made entirely from bio-based natural rubber.