Trading at the cotton market remained slow with stable cotton and preparations for new crop in Pakistan are at a higher level. Cotton sowing has started in Sindh, but water scarcity might affect the production of the crop.
The spot rate at Karachi Cotton Exchange on Monday, remained unchanged. The spot rates remained unchanged at Rs6,750/maund (37.324kg) and Rs7,234/40kg. Ex-Karachi rates also stood firm at Rs6,885/maund and Rs7,379/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.
KCE recorded only two transactions of around 4,000 bales in between Rs6,900/maund to Rs6,975/maund.
According to an analyst, the cotton demand has increased in the world because of an increase in consumption, which has led even a large cotton producer India to import the lint. A giant cotton exporter like India is going to import the lint to fulfil its industry demand.
Ciele Athletics has expanded its Elite running collection with a new performance fabric developed to help regulate body temperature during…
Levi's has announced a new collaboration with The Football Association and the England National Football Team ahead of this summer’s…
Arvind Advanced Materials Limited has acquired nearly 61% stake in Dalco-GFT, a US-based manufacturer of needle-punched non-woven specialty fabrics.
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.