|
National News:-
Next crop worries, high oil prices causing sharp rise in
cotton rates
KARACHI (May 10, 2008): Hovering worries about the size
of cotton production for the new season and rising oil prices causing
unrealistic rise in the prices, brokers said on the cotton market on Friday.
The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs
3375.
Source
www.brecorder.com
Rs 1.5 billion allocated for uplift work in Faisalabad
FAISALABAD (May 10, 2008): City District Government has
sanctioned Rs 1.5 billion for public development works with the financial
support of industrialists and traders of the district. This was disclosed by
City District Nazim, Rana Zahid Tauseef while addressing the members of
Pakistan Textile Exporters Association (PTEA) at a handing over ceremony of
machinery to Liver Centre.
Source
www.brecorder.com
Aptma comments on SBP Governor's statement
KARACHI (May 10, 2008): The Chairman of All Pakistan
Textile Mills Association (Aptma), Iqbal Ebrahim, has commented on the
report attributed to the Governor State Bank of Pakistan that the textile
sector has abused the R&D support. He said that the export of textile sector
has increased from $8.564 billion to $10.757 billion in 2006-07 as compared
to 2004-05, an increase of 25.6 percent.
Source
www.brecorder.com
Hosiery sector demands zero percent withholding taxes
FAISALABAD (May 10, 2008): Muhamamd Javaid Aslam,
Chairman of Pakistan Hosiery Manufacturers Association (PHMA) (North Zone)
has said that export-oriented value-added sector is battling for its
survival in the face of stiff competition from neighbouring and other
countries in the international market and the rising costs of doing business
with a large number of industries closing down, leading to mass unemployment
of skilled and unskilled labour including large number of female workers.
Source
www.brecorder.com
Trading in futures contracts for cotton resumes
KARACHI (May 09, 2008): The cotton hedge trading has been
resumed on Karachi Cotton Exchange after a gap of 32 years with the
finalisation of a deal of 200 bales of the 2008-09 crop for August delivery.
Market sources told Business Recorder on Thursday that traders and
textile mills were anticipating that new cotton crop would also be short of
demand.
Source
www.brecorder.com
Alam Cotton Mills gets certification
LAHORE (May 09, 2008): Alam Cotton Mills is the 6th
textile mill in Pakistan and among the only 36 companies worldwide to have
this certification from Uster Technologies AG, Switzerland. In addition,
Alam Cotton Mills, a spinning mill with the state of the art machinery set
up from Switzerland, also holds the license to produce Com4 yarns in
Pakistan and it is also ISO 9001:2000 certified.
Source
www.brecorder.com
Seminar on cotton crop: call for adopting modern
production techniques
MIRPURKHAS (May 09, 2008): District Naib Nazim,
Mirpurkhas, Dr Zafar Ahmed Kamali has called for adopting modern
agricultural technology to obtain higher production of crops, particularly
cotton crop, to be able to earn more for the national exchequer through its
export.
Source
www.brecorder.com
Alam Cotton Mills gets certification
LAHORE (May 09, 2008): Alam Cotton Mills is the 6th
textile mill in Pakistan and among the only 36 companies worldwide to have
this certification from Uster Technologies AG, Switzerland. In addition,
Alam Cotton Mills, a spinning mill with the state of the art machinery set
up from Switzerland, also holds the license to produce Com4 yarns in
Pakistan and it is also ISO 9001:2000 certified.
Source
www.brecorder.com
Seminar on cotton crop: call for adopting modern
production techniques
MIRPURKHAS (May 09, 2008): District Naib Nazim,
Mirpurkhas, Dr Zafar Ahmed Kamali has called for adopting modern
agricultural technology to obtain higher production of crops, particularly
cotton crop, to be able to earn more for the national exchequer through its
export.
Source
www.brecorder.com
Steady condition continues on cotton market
LAHORE (May 09, 2008): With decreasing ready stocks of
cotton from the current crop (2007-08) remaining unsold with the ginners and
the forthcoming season (2008-09) still several months away before it can
provide sizeable supplies to the domestic textile industry, lint prices in
the ready market continue to give a steady appearance.
Source
www.brecorder.com
International
News:-
New York cotton futures settle firmer
NEW YORK (May 10, 2008): Cotton futures settled firmer
Friday on investor buying sparked by a charge in crude to new record highs,
but profit-taking pared gains and analysts feel the market may gradually
consolidate its gains into next week. ICE Futures' July cotton contract
gained 0.70 cent to close at 71.55 cents per lb, trading from 70.54 to 72.25
cents.
Source
www.brecorder.com
US cotton weekly export sales highlights
WASHINGTON (May 10, 2008): USDA cotton export sales
highlights for latest reporting week. Net Upland sales of 563,900 running
bales were 12 percent below the previous week, but 58 percent above the
prior 4-week average.
Source
www.brecorder.com
Price for upland cotton
WASHINGTON (May 10, 2008): The US Agriculture Department
set the prevailing world market price for upland cotton at 57.77 cents per
pound, effective through May 15. The price is adjusted to US quality and
location for Strict Low Middling, 1-1/16 inch upland cotton.
Source
www.brecorder.com
New York cotton
NEW YORK (May 10, 2008): Thursday's closing prices of New York cotton in US
cents/lb.
Source
www.brecorder.com
New York cotton futures marginally higher
NEW YORK (May 09, 2008): Cotton futures closed higher on
Thursday on investor short-covering as players put the final touches on
tweaking positions ahead of Friday's government crop report, brokers said.
ICE Futures' July cotton contract rose 0.48 cent to finish at 70.85 cents
per lb, trading from 70.05 to 71.14 cents.
Source
www.brecorder.com
New York cotton futures marginally higher
NEW YORK (May 09, 2008): Cotton futures closed higher on
Thursday on investor short-covering as players put the final touches on
tweaking positions ahead of Friday's government crop report, brokers said.
ICE Futures' July cotton contract rose 0.48 cent to finish at 70.85 cents
per lb, trading from 70.05 to 71.14 cents.
Source
www.brecorder.com
New York cotton
NEW YORK (May 09, 2008): Wednesday's closing prices of
New York cotton in US cents/lb.
Source
www.brecorder.com
New York cotton
NEW YORK (May 09, 2008): Wednesday's closing prices of
New York cotton in US cents/lb.
Source
www.brecorder.com
New York cotton futures end both ways
NEW YORK (May 08, 2008): Cotton futures closed mixed
Wednesday as the market dawdled in a band while players adjusted positions
ahead of a government crop report at the end of the week, brokers said. ICE
Futures' July cotton contract rose 0.01 cent to finish at 70.37 cents per
lb, trading from 69.37 to 70.61 cents.
Source
www.brecorder.com
New York cotton
NEW YORK (May 08, 2008): Tuesday's closing prices of New
York cotton in US cents/lb.
Source
www.brecorder.com
Cotton Future.
Market Prices:-
End of Day Prices
Intra-Day Prices
AWP, Step2 & Step3
Spot Quotes
Source
www.brecorder.com
Updated at : 10/05/2008 10:12:06AM(PST) |