+917718880355

news

Slow trading continues at cotton market

YarnsandFibers News Bureau 2017-05-25 12:50:00 – Karachi

Cotton trading remained slow at the Karachi Cotton Exchange on Wednesday recording only one transaction of 2,000 bales from Shujabad at the rate of Rs6,900/maund, while spot rates remained unchanged.

The spot rates stood firm at Rs6,750/maund (37.324kg) and Rs7,234/40kg. Ex-Karachi rates also remained unchanged at Rs6,885/maund and Rs7,379/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

Pakistan has made registrations of 135,879 bales from 2015/16 and 2016/17 crops during the period August 1, 2016 till May 7, 2017. During this period a total of 115,116 bales were shipped.

According to an analyst, slow trading is likely to continue, as majority of mills had closed their operations because of the off season.

Please Login to comment

Market Intelligence

Ask for free sample Report


why us?
21 yrs

experience

Fortune 500

Customer Base

100%

dedicated team

55+

Countries Served Worldwide


newsletter

Register below to receive our newsletters with latest industry trends and news!