KARACHI (March 01, 2010): As per Pakistan Cotton Ginners Association (PCGA), cotton arrivals reached 12.62mn bales as against the government's revised target of 12.7mn bales for the prevailing season. Despite such high levels of production, cotton prices at the local market touched an all-time high of Rs5,650/maund.

KARACHI (March 01, 2010): Rising price trend was marked on the cotton market additionally hit by price trend abroad - achieving a record high at Rs 5,500 on the opening day, while closing price was seen at Rs 5,750 and the spot rate at all time high Rs 5,600.

KARACHI (February 27, 2010): Falling trend in the unsold stock and persisting rise in the NY cotton futures pushed the rates further higher on the local cotton market on Friday, dealers said. The Karachi Cotton Association (KCA) official spot was shot up sharply by Rs 150 to Rs 5600, dealers said.

LAHORE (February 27, 2010): All Pakistan Textile Mills Association (Aptma) has expressed extreme dismay at further tightening of the quantitative restrictions on export of yarn at 35,000 tones per month from 50,000 tones effective from March 01 to June 30, 2010. It also condemned for the inability of the Ministry of Textile Industry to play a non-partisan and balanced part in the decision making.

KARACHI (February 27, 2010): Demanding quota-free export of cotton yarn, the spinning sector has urged the government not to disturb the free market mechanism, as it would hurt the value-added textile sector badly. Addressing a press conference here on Friday.

LAHORE (February 26, 2010): Cotton prices soared to new heights achieving peak performance on Thursday smashing all previous records as incessant increase in yarn prices, fast diminishing domestic supply of cotton and high levels of fibre values achieved by ICE cotton futures in New York all huddled together to impart bullish fervour to the commodity.

KARACHI (February 26, 2010): Rising trend persisted on the cotton market on Thursday as most of buyers were busy in forward purchasing, dealers said. The Karachi Cotton Association (KCA) official spot rate was up by Rs 100 to Rs 5450, dealers said. In the ready business over 2000 bales of cotton changed hands in the range of Rs 5500-5700. Phutti prices in both the Punjab and Sindh were at Rs 2400-2700, they added.

ISLAMABAD (February 26, 2010): The Ministry of Textile Industry has barred the State Bank of Pakistan from making payment under duty drawback of local taxes and levies scheme to any claimant of textile sector without permanent registration certificates. The Textile Ministry had issued notification for implementation of the policy on September 1, 2009 under duty drawback of local taxes levies order 2009, notification No 3 (1) TID/08-P-I.

LAHORE (February 26, 2010): Women workers comprise on average 20 percent of the workforce in the value-added textile sector, said a UNDP survey of 150 value-added textile units in Karachi, Lahore and Faisalabad. However, said the report, this is an over-estimate on account of purposive sampling to limit all make units to be no more than 20 percent.

NEW YORK (February 27, 2010): Cotton futures finished near a two-year peak Friday on sustained investment fund buying but analysts believe most of the running in the rally has been led by speculators and fibre contracts are heavily overbought.

NEW YORK (February 27, 2010): Thursday's closing prices of New York cotton in US cents/lb.

NEW YORK (February 26, 2010): Cotton futures finished near a two-year peak Thursday on investment fund buying and news of a poor cotton crop in leading consumer China as the market bucked commodity-wide weakness by a robust dollar, analysts said. The benchmark May cotton contract increased 2.01 cents or by 2.5 percent to end at 81.17 cents per lb, dealing from 78.47 to 81.78 cents, the highest intrasession level since mid-March 2008.

BEIJING (February 26, 2010): China, the world's largest cotton consumer, produced 6.4 million tonnes of cotton in 2009, down 14.6 percent from 2008, National Bureau of Statistics figures showed on Thursday. The figure was in line with earlier estimates by the bureau, but lower than the agricultural ministry's forecast of 6.7 million tonnes.

NEW YORK (February 26, 2010): Wednesday's closing prices of New York cotton in US cents/lb.

NEW YORK (February 25, 2010): Cotton futures finished easier Wednesday on investor profit-taking after hitting a near two-year peak, and analysts feel fibre contracts would need to hand back more of its gains following its recent rally. The benchmark May cotton contract declined 0.61 cent to end at 79.16 cents per lb, dealing in a 100-point band from 78.54 to 79.54 cents.

NEW YORK (February 25, 2010): US cotton ended near a two-year top on Tuesday, cracking key psychological resistance at 80 cents a lb, as fund money continued to fuel the market despite a stronger dollar which pressured most commodities. New York's benchmark May cotton contract settled up 0.07 cent at 79.77 cents per lb.

NEW YORK (February 25, 2010): Tuesday's closing prices of New York cotton in US cents/lb.

NEW YORK (February 24, 2010): Prices of ICE Futures US cotton during mid session on Tuesday. May cotton down 0.25 cent to 79.45 cents per lb by 11:40 am EST (1640 GMT). Trading from 78.71 to 79.75 cents. May volume at 6,473 lots. Cotton following other commodities in taking its cue from a stronger dollar, said dealers.

NEW YORK (February 23, 2010): Cotton futures finished Monday near a two-year top as tight supplies in the US and the steady appetite of investment funds fuelled a rally in the market that shows little sign of easing, analysts said. The now benchmark May cotton contract gained 0.72 cent to settle at 79.70 cents per lb, dealing from 78.46 to 79.79 cents.