AGL 38.10 Decreased By ▼ -0.12 (-0.31%)
AIRLINK 133.60 Increased By ▲ 4.63 (3.59%)
BOP 8.77 Increased By ▲ 0.92 (11.72%)
CNERGY 4.71 Increased By ▲ 0.05 (1.07%)
DCL 8.70 Increased By ▲ 0.38 (4.57%)
DFML 39.91 Increased By ▲ 0.97 (2.49%)
DGKC 85.50 Increased By ▲ 3.56 (4.34%)
FCCL 35.20 Increased By ▲ 1.78 (5.33%)
FFBL 76.00 Increased By ▲ 0.29 (0.38%)
FFL 12.88 Increased By ▲ 0.06 (0.47%)
HUBC 110.25 Decreased By ▼ -0.11 (-0.1%)
HUMNL 14.11 Increased By ▲ 0.10 (0.71%)
KEL 5.43 Increased By ▲ 0.28 (5.44%)
KOSM 7.78 Increased By ▲ 0.11 (1.43%)
MLCF 41.60 Increased By ▲ 1.80 (4.52%)
NBP 70.25 Decreased By ▼ -2.07 (-2.86%)
OGDC 192.00 Increased By ▲ 3.71 (1.97%)
PAEL 26.40 Increased By ▲ 0.77 (3%)
PIBTL 7.39 Increased By ▲ 0.02 (0.27%)
PPL 161.80 Increased By ▲ 9.13 (5.98%)
PRL 26.49 Increased By ▲ 1.10 (4.33%)
PTC 19.47 Increased By ▲ 1.77 (10%)
SEARL 83.01 Increased By ▲ 0.59 (0.72%)
TELE 7.88 Increased By ▲ 0.29 (3.82%)
TOMCL 34.07 Increased By ▲ 1.50 (4.61%)
TPLP 8.62 Increased By ▲ 0.20 (2.38%)
TREET 17.12 Increased By ▲ 0.34 (2.03%)
TRG 60.50 Increased By ▲ 4.46 (7.96%)
UNITY 28.69 Decreased By ▼ -0.09 (-0.31%)
WTL 1.35 No Change ▼ 0.00 (0%)
BR100 10,782 Increased By 123.1 (1.16%)
BR30 32,174 Increased By 842.7 (2.69%)
KSE100 100,154 Increased By 884.8 (0.89%)
KSE30 31,202 Increased By 169.9 (0.55%)

World cotton prices fell in recent weeks, mostly due to an expected 43 percent rise in global cotton stocks this year and a smaller anticipated boost in 2012/13, an international farm group said on Friday.The International Cotton Advisory Committee (ICAC), secretariat said in a monthly report that by the end of July 2013, world cotton stocks are expected to reach the highest stocks-to-use ratio since 1998/99.
Rain in Texas and uncertainties surrounding troubled European economies also weighed down prices, ICAC said.The drop in prices should send world cotton output down by 7 percent to 25.1 million tonnes in 2012/13. Lower prices will spur a 3 percent boost in mill use, but global trade is seen down 8 percent at 8.1 million tonnes, the group said.Cotton prices are expected to stay down in 2012/13. As China appears poised to continue building its national cotton reserve, uncertainty could also lead to greater price volatility, ICAC said.

Copyright Reuters, 2012

Comments

Comments are closed.