China Cotton market remained stable with minor increase.
Indian Cotton market also remained stable with little downward trend.
New York Cotton market was a bit soft and closed in negative.
Only Pakistan cotton market was firm and ginners were not willing to decrease the price of fine quality fiber. On the other hand spinners were also seen showing some resistance and were not accepting any increase but at the same time they also realize that imported cotton options are also not workable for them and they have to rely on local cotton purchase. Therefore some deals of fine quality cotton were also made at bit higher prices.
Cotton Prices from the other leading cotton producing countries also remained stable with minor changes.
Global cotton Closings.
TOTAL VOL 19112-LOTS
INDIA:18000-30 & S-6:36000-00
CHINA:12495+10 & CC:12773+15
Pakistan Cotton Sales Report
D.G.Khan > 200 bls 9500 – BALOCHI
RajanPur > 400 bls 8700 / 9000
Maroot > 200 bls 8950
Harunabad > 1200 bls 8900 / 8950
M/P/Dewan > 200 bls 8900
Chichawatni > 400 bls 8500 / 8850
D.G.Khan > 800 bls 8850
Vehari > 600 bls 8500 / 8600
Layyah > 600 bls 8450 / 8500
Mian Chanu > 200 bls 8500
Rasoolabad, Rohri, SalahPat, Kumb, RaniPur, MehrabPur > 5600 bls 8500 / 8600 – BCI
NawabShah > 400 bls 8350 / 8400
TandoAdam > 1200 bls 8250 / 8350 / 8400
Indian Cotton Prices
Indian Cotton Rates INR / 356kg
MECH-1 : 35900
MCU-5 : 37300
NHH-44 : 28200
LRA-5166 : 29200
DCH-32 : 37600
Jayadhar : 24700
B/Deshi(RG) : 35600
For other origin Cotton Prices please click here