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| Cotton Analysis | [1-0 of 0 stories]
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Cotton prices retract after reaching record levelLAHORE (March 05, 2010): After reaching dizzy heights in a record performance at the middle of this week, lint prices underwent a reaction in ready business and conceded about Rs 100 per maund (37.32 Kgs) in a sluggish market on Thursday.
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Cotton prices reach new pinnacleLAHORE (February 26, 2010): Cotton prices soared to new heights achieving peak performance on Thursday smashing all previous records as incessant increase in yarn prices, fast diminishing domestic supply of cotton and high levels of fibre values achieved by ICE cotton futures in New York all huddled together to impart bullish fervour to the commodity.
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Very low cotton inventory may force cut in spinning capacityKARACHI (February 22, 2010): Latest seed-cotton arrival figures indicate that finally cotton crop (2009-10 season) may hardly touch the level of 12.8 million running bales and may finish some where between 12.7 and 12.8 million bales against 11.34 million running bales in 2008-09 season - an increase of about 12.5 percent over last season.
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Cotton prices climb to new record levelsLAHORE (February 19, 2010): With the current cotton season (August 2009-July 2010) drawing to an early close, lint prices keep moving up to unprecedented high levels with strong chances of gaining further. Counting on the latest seedcotton (kapas/phutti) arrivals figures for the ongoing season, it appears difficult that total output this season will exceed 12,700,000 running bales of domestic size on an ex-gin basis.
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Lint prices stable at Rs 5,000, KCA spot rate given quantum jump to Rs 4,875KARACHI (February 15, 2010): The cotton markets unlike world cotton trading, had some dip and surge but the prices proved no bar in buying by cotton experts or even the textile manufacturers and exporters. Small size of unsold stocks and quality factor provide impetus to prices to stabilise around Rs 5000 per maund. The spot rate opened at Rs 4625 to end after a quantum jump of Rs 250 at Rs 4875.
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Cotton prices rebound on local, foreign marketsKARACHI (February 15, 2010): At last, lint cotton prices touched the very strong psychological price level of Rs5,000 per maund of 37.324 Kgs ex-gin (=US Cents 75.0/lb fob Karachi) which the ginners has been aiming at for the last many weeks.
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Cotton prices skyrocket to record levelsLAHORE (February 12, 2010): Cotton prices took a quantum jump this month to gain nearly Rs 350 per maund (37.32 kgs) to a record level of Rs 5,000 per maund in an unprecedented rise. This week alone lint prices shot up by about Rs 200 per maund.
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