Slow trading continues at cotton market

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.

Recent Posts

The North Face launches sustainable fleece collection

The North Face has introduced a new sustainable collection that focuses on everyday essentials designed for use beyond outdoor settings.

2 days ago

Egypt accelerates textile industry expansion to strengthen exports

Egypt’s textile industry is undergoing one of the most important expansions in its modern industrial history.

2 days ago

Bangladesh secures 38 new LEED-certified factories in 2025

Bangladesh’s ready-made garment (RMG) industry has reached a milestone in its sustainability journey by securing 38 new LEED-certified green factories…

2 days ago

Teijin Frontier develops multi-functional comfort textile

Tokyo-based Teijin Frontier has developed a new multi-functional textile for sports and outdoor clothing that offers improved comfort and cooling…

4 days ago

Telangana launches Singidi Collective promoting sustainable fashion

In a major step towards reviving Telangana’s handloom traditions and environmentally responsible fashion, BRS Working President launched Singidi Collective.

4 days ago

Mini and BMW iX3 use recycled knitted fabrics

The latest Mini models make wide use of recycled knitted fabrics in their interiors, combining simplicity, sustainability, and modern aesthetics.

5 days ago