The Pakistan cotton market witnessed local spinners worried over stock piling of yarn on Wednesday. According to Cotton Analyst, Naseem Usman, local spinners have shown signs of worry about the stock piling of yarn due to import of same from India. Moreover, the textile sector is currently faced with liquidity crunch owing to slow off-take of cotton yarn in the domestic market.
The government needs to take necessary measures to check flow of cheap cotton yarn from across the border to stop this situation.
The official spot rate remained unchanged at Rs 6800. Prices of seed cotton in Sindh per 40 kg were at Rs 2400-3100, in Punjab, rates were inert at Rs 2400-3200, dealers said. In the ready session, 4200 bales of cotton changed hands between Rs 6700-7100, dealers said.
The following deals were reported: 400 bales of cotton from Haroonabad at Rs 6700, same figure from Fort Abbas at Rs 6800 and 3000 bales from Sadiqabad at Rs 7100.
The New York cotton market moved higher for second consecutive session where all the future contracts ended with fresh gains.
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…