KARACHI: Despite ongoing stockpiling of the new cotton crop, Pakistani mills have entered into import orders of around 300,000 bales, raising questions regarding the crop in the country.So far,.
KARACHI: Local cotton prices during the outgoing week increased to 11-year high of Rs14,000 per maund amid thin trade, primarily owing to shortage of the natural fibre, traders said.Cotton arrival.
KARACHI: Cotton sowing is in full swing in Sindh and Punjab with partial arrival from the new crop while acute water shortage is feared to affect the production, stakeholders said.During the.
Growers await support price amid new cotton arrivals
Business
May 23, 2021
KARACHI: Partial trading started at the local market with the arrival of new cottonseed after long Eid holidays; however growers are still waiting for the support price, traders said.
Ginners were seen purchasing cottonseed at the rate of Rs5,000 to Rs5,500 per 40-kg, marking the beginning of new cotton season. Usually, cotton season starts in July in Pakistan and ends in June.
Besides, some deals of new cotton were also witnessed. One such deal of Sindh cotton was recorded in Burewala at Rs12,500 per maund, whose delivery would be given between June 10 to 20. Similarly, a deal of 600 bales of Tando Adam and a deal of 200 bales of Sanghar were finanlised at Rs12,200 per maund with delivery from June 10 to 20.
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