After price of commodity declined at the open markets in Pakistan, the Karachi Cotton Association (KCA) also revised its cotton spot (benchmark) rate by bringing it down to Rs6050 per maund a reduction of Rs100 per maund.
The KCA decreased its spot rate in line with the downward trend in the commodity price at the open markets in Pakistan. Thee price of the commodity has decreased by around Rs150 per maund to Rs6,150 per maund at the markets.
Traders exchanged a total of 5,800 bales at Rs6,025 to Rs6,175 per maund as compared to 6,000 bales traded at Rs6,150 to Rs6,250 per maund on Saturday, as per the KCA report
Buyers are expecting cotton price in Sindh and Punjab between Rs5,900 to Rs6,000 per maund,” The arrival of poor quality cotton is not convincing spinning mill-owners to buy the commodity at a price, which is higher than Rs6,150 per maund.
HandMadeStone and CleanKore have formed a partnership to promote sustainable practices throughout denim manufacturing, from fibre production to final finishing.
ICT, Mumbai, has opened its newly renovated sustainable textile laboratory, upgraded with support from Archroma India Pvt. Ltd. under its…
Denim Deal, focused on standardizing circular methods in denim production, announced that French retailer Kiabi has joined the group.
A research team at the UBC has created a cleaner way to make rayon that could reduce chemical use and…
Oritain, a global expert in origin verification, has extended its scientific tracing methods to leather, a material often harder to…
Aunde has formed a partnership with PreZero to set up a plant that will recycle polyester-based textile waste into new,…