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| Cotton Analysis | [1-1 of 1 stories]
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Smart recovery on cotton marketLAHORE (July 30, 2010): After a couple of months of uncertainty and volatility in the domestic cotton market, cotton prices have found a positive direction when the federal government removed the two month old Regulatory Duty on yarn exports on the 26th of this month. Consequently, cotton prices have made a handsome recovery of Rs 200 to Rs 400 per maund (37.32 Kgs) since the inception of this week.
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Decision on 15 percent RD on yarn exports would determine the direction of cotton marketKARACHI (July 26, 2010): The second round of monsoon rains, normal to heavy, lashed major cotton areas of Sindh and Punjab last week impacting positively the cotton crop development in most of cotton areas but simultaneously temporarily disrupting the arrival of seed-cotton in to ginneries/markets. Another plus point of these rains is the washing away of pest effect from cotton plants.
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Pressure mounts on cotton pricesLAHORE (July 23, 2010): With early and increasing arrivals of new crop cotton (2010-2011), fiber prices continue to face more pressure. Wholesome monsoon showers over the past week or ten days, particularly in Punjab, are being deemed positive for the growth and development of the new crop. Thus lint prices kept declining this week.
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Cotton market crashed on panic sellingKARACHI (July 19, 2010): This time, timely and sufficient rains in Punjab and Sindh provinces have brightened prospects for a record high cotton production of over 15.0 million statistical bales in 2010-11 season. Although officially new cotton seasons commences from every 1st of August and ends on every 31st of July every year but practically it takes start from June or July month in Pakistan.
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Precipitous fall in cotton pricesLAHORE (July 16, 2010): In line with the global economic uncertainty combined with seasonal blues in most markets around the world from the long term perspective, lint prices in Pakistan crashed by about Rs 800 per maund (37.32 Kgs) over the past three days. Government indeterminacy regarding the fate of any further extension of Regulatory Duty on yarn exports is further accentuating panic among the ginners and the growers.
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Unprecedented volatile fluctuations in spot rate, lint and phutti prices witnessed through weekKARACHI (July 12, 2010): Cotton prices showed rapid rise during the week, KCA official spot rate to Rs 7350 and lint to Rs 7500, which kept buyers' head reeling and there seemed no check. But restraint on the part of buyers and increase in phutti arrivals pulled the prices down. Lint trading range was down at Rs 6800-7200, spot rate at Rs7000, phutti in Punjab at Rs3000-3150 and in Sindh at Rs3000-3025.
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Spinner-buyers trimmed abnormal increase in cotton pricesKARACHI (July 12, 2010): New crop cotton harvesting is gaining momentum day by day and so the ginning operations. Last week some cotton areas of Lower Sindh received normal rains, which largely benefited the plants. In Punjab also rain was reported from some cotton areas of central Punjab which also has been mentioned as quite beneficial for cotton crop.
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Meteoric rise in cotton pricesLAHORE (July 09, 2010): Cotton prices climbed to dizzy heights at unprecedented levels when premium quality of new crop (2010-2011) from Punjab reportedly sold between Rs 7,450 to Rs 7,500 per maund (37.32 kgs) ex-gin on Thursday in a lint starved market breaking all previous records.
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Uncertain conditions confuse cotton marketKARACHI (July 05, 2010): During the last week, weather has been quite favourable for cotton plant development. With the end of June month, even late cotton sowing is reported to have been completed. However, final figures about area sown to cotton is yet to be announced by the government but last year (2009-10) it was 3.106 million hectares and with 10 percent increase, it may be around 3.416 million hectares.
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