Further increase in prices was observed. Uncertainty overlapped the cotton market. This week is a disappointment for those who were holding their buying and expecting some drop in cotton Prices. The whole chain of cotton is worried about this uncertain situation and don’t know what to do. Farmers have also increased the seed cotton prices and making cotton business difficult for the ginners. Abundant inquiries with lesser business materialization.
Cotton Index Closing
NYCE CLOSED
Dec 67.59+0.73
Mar 68.35+0.63
May 68.95+0.63
July 69.39+0.70
TOTAL VOL 25151-LOTS
KCA:9250+00
Pak-KCA:9250+00
Index-A:71.55+0.25
Brazil:58.04-0.14
INDIA:18360+70
S-6:37500+300
Pakistan Cotton Sales Report
PUNJAB
Haroon – Abad: 1800 Bales @ 9500 / 9550 / 9600
Dunga-Bunga : 200 Bales @ 9500
Faqeerwali : 400 Bales @ 9500
Fortabbas : 600 Bales @ 9500
Yazman : 800 Bales @ 9450
D.G.Khan : 400 Bales @ 9250
Tonsa-Sharif: 200 Bales @ 9250
Hasil – Pur : 400 Bales @ 9000 / 9100
Layyah : 400 Bales @ 9100
PeerMahal,Gojra,Sumandri 1000 Bales @ 8600 / 8800 / 8900
SINDH
Higorjha 1000 Bales @ 9300 – BCI
SalahPat 600 Bales @ 9150
Sanghar 400 Bales @ 8350
Indian Cotton Prices
Indian Cotton Rates/356kg
Shankar’6: 37500 + 300
Bunny : 37700 + 200
MECH-1 : 36900 + 300
MCU-5 : 38200 + 300
J-34 : 36000 + 0
Y-1 : 30800 + 0
H-4 : 36600 + 300
V-797 : 23600 + 100
NHH-44 : 29700 + 300
LRA-5166 : 30700 + 400
DCH-32 : 38500 + 300
Jayadhar : 25800 + 200
B/Deshi(RG) : 35600 + 0
B/Deshi(SG) : 36300 + 0