National News:-

Farmers adopting to enhance productivity, earn money: Bt cotton has potential to resist insects
FAISALABAD (July 29, 2010): Bt Cotton has lot of potential to resist various insects that is why farming community rapidly adopting it to enhance their productivity and to earn more money by quality cotton.
Prices move up on cotton market as monsoon rains cut phutti arrivals
KARACHI (July 29, 2010): Picking operations halted by ongoing monsoon rains in the country, which cause increase in the rates on the cotton market on Wednesday, dealers said. The Karachi Cotton Association (KCA) official spot rate was higher by Rs 100 to Rs 6100, they said.
Powerloom owners announce closure of factories
FAISALABAD (July 29, 2010): The representatives of the powerloom owners on Wednesday have announced to shutdown their factories for indefinite period. They also demanded of the government to provide protection to their weaving units. Thousands of members of Powerloom Workers Union and Labour Qaumi Movement held protests in favour of their demands in Ghulam Muhammadabad Colony.
Regulator Duty removal may help cotton trade come out of uncertainty
KARACHI (July 28, 2010): After the removal of Regulator Duty (RD) on the exports of cotton yarn, the cotton market may find a definite direction in the coming days, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 6000, they said.
Value-Added Textile Forum rejects government's decision
MULTAN (July 28, 2010): Value-Added Textile Forum leader Syed Muhammad Aasim Shah has rejected the decision of the cabinet committee on textiles to waive 15 percent regulatory on textile and withdrawal of quota restrictions describing it unjust and illogical. He said that Federal Government had left Ready-made Garments Manufacturers, Bedwear and Cloth manufacturers alone that earn ten-time more foreign exchange than raw material exporters.
Hike in power tariff resented
LAHORE (July 28, 2010): Leading textile Industrialist, Mian Faraz Alam has criticised the government for allowing further increase of 64-paia in the electricity tariff and termed it anti-industry step. In a statement, Mian Faraz Alam said the increase in electricity tariff would further enhance the cost of doing business and now it would be very difficult for the businesses to afford electricity at such a high price.
Yarn export: Aptma hails regulatory duty removal
KARACHI (July 28, 2010): Shahzad Ahmed, Chairman, All Pakistan Textile Mills Association has hailed the decision of removal of 15 percent Regulatory Duty on yarn export by the Cabinet Committee on Textile. In a statement issued to the press Chairman Aptma Shahzad Ahmed welcomed the decision of the Cabinet Committee on Textile that the free market mechanism has to be implemented in its true spirit to enable the whole chain of textile industry to stand on their feet in a competitive environment.
15 percent regulatory duty on yarn export goes
ISLAMABAD (July 27, 2010): The Cabinet Committee on Textile which met with Finance Minister Dr Abdul Hafiz Sheikh in the chair on Monday abolished 15 percent regulatory duty on export of yarn and decided to carefully monitor domestic availability of the commodity. "Now there will be no government intervention and free market mechanism would prevail as far as export or import is concerned," a senior official of the Textile Ministry told Business Recorder.
Agricultural department advises cotton growers
LAHORE (July 27, 2010): Punjab agriculture department has advised cotton growers that selection of right pesticide, and its timely and correct application is very necessary for controlling pests as well as avoiding financial loss. In an advisory issued here on Monday, the department warned growers not to spray pesticides at noontime, use recommended pesticides and their quantity and check nozzle of sprayer before spray to ensure equal application of pesticides on crops.
Spot rate raised to Rs 6,000; lint prices firm on cotton market
KARACHI (July 27, 2010): Steady trend was seen on the cotton market on Monday as mills were active in forward buying, dealers said. The Karachi Cotton Association (KCA) official spot rate was up by Rs 150 to Rs 6000, they said. In the ready business over 5,400 bales of cotton changed hands between Rs 5850-6200, they said.
No duty, no quota on yarn export
LAHORE (July 27, 2010): Sanity prevailed finally on the part of government with Federal Cabinet Committee on Textile deciding no duty, no quota on exports of yarn and brining a big sigh of relief to the cotton growers, ginners, spinners and value-added exporters in general. It may be noted that the whole textile chain spent a spellbound Monday, waiting anxiously the outcome of Federal Cabinet Committee on Textile regarding the fate of 15 percent regulatory duty on exports of yarn to facilitate local ancillary industry.
US urged to end 'discriminatory' policy
KARACHI (July 27, 2010): The US continues to deny the preferential custom tariff to Pakistan despite being its major ally in the war against terrorism, said the Investment Advisor to the Chief Minister Sindh Zubair Motiwala. Speaking at the certificate distribution ceremony on Monday, jointly organised by the USAID and Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea), he urged the US authorities to end its discriminatory policy regarding Pakistan.
Bumper cotton production reports help stop erratic price rise, yarn export still dominates sentiment
KARACHI (July 26, 2010): Growers are reporting bumper production with generally favourable conditions ruling buy scenario may change. Spot rate was down by Rs 150 to Rs 5850 at the end of the week on July 24.
Decision on 15 percent RD on yarn exports would determine the direction of cotton market
KARACHI (July 26, 2010): The second round of monsoon rains, normal to heavy, lashed major cotton areas of Sindh and Punjab last week impacting positively the cotton crop development in most of cotton areas but simultaneously temporarily disrupting the arrival of seed-cotton in to ginneries/markets. Another plus point of these rains is the washing away of pest effect from cotton plants.
Over 0.1 million powerloom units continue strike
FAISALABAD (July 26, 2010): More than 0.1 million powerloom units remained closed on sixth consecutive day Sunday in more than 12 industrial areas including Sidhar, Thikreewala, Faizabad, Ghulam Muhammadabad and Qadirabad, here Friday. Workers observed complete strike and staged protest peacefully for increasing salaries according to the agreements and decisions of Punjab government.
Cabinet body to discuss RD on yarn export today
ISLAMABAD (July 26, 2010): A meeting of the Cabinet Committee on Textile has been convened on Monday (today) to resolve the dispute between the value-added textile and spinning sector over the lapse of 15 percent Regulatory Duty (RD) on export of yarn effective Monday (today), it is learnt. RD on yarn export was imposed for 60 days and is due to expire on July 26, 2010.
Government urged to extend period of RD on export of cotton yarn
ISLAMABAD (July 26, 2010): Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has urged the government to extend the period of Regulatory Duty (RD) on export of cotton yarn so that local industry could get raw material at reasonable prices.
Bumper cotton production reports help stop erratic price rise, yarn export still dominates sentiment
KARACHI (July 26, 2010): Growers are reporting bumper production with generally favourable conditions ruling buy scenario may change. Spot rate was down by Rs 150 to Rs 5850 at the end of the week on July 24.
Decision on 15 percent RD on yarn exports would determine the direction of cotton market
KARACHI (July 26, 2010): The second round of monsoon rains, normal to heavy, lashed major cotton areas of Sindh and Punjab last week impacting positively the cotton crop development in most of cotton areas but simultaneously temporarily disrupting the arrival of seed-cotton in to ginneries/markets. Another plus point of these rains is the washing away of pest effect from cotton plants.
Over 0.1 million powerloom units continue strike
FAISALABAD (July 26, 2010): More than 0.1 million powerloom units remained closed on sixth consecutive day Sunday in more than 12 industrial areas including Sidhar, Thikreewala, Faizabad, Ghulam Muhammadabad and Qadirabad, here Friday. Workers observed complete strike and staged protest peacefully for increasing salaries according to the agreements and decisions of Punjab government.
Cabinet body to discuss RD on yarn export today
ISLAMABAD (July 26, 2010): A meeting of the Cabinet Committee on Textile has been convened on Monday (today) to resolve the dispute between the value-added textile and spinning sector over the lapse of 15 percent Regulatory Duty (RD) on export of yarn effective Monday (today), it is learnt. RD on yarn export was imposed for 60 days and is due to expire on July 26, 2010.
Government urged to extend period of RD on export of cotton yarn
ISLAMABAD (July 26, 2010): Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has urged the government to extend the period of Regulatory Duty (RD) on export of cotton yarn so that local industry could get raw material at reasonable prices.
Steady conditions prevail on cotton market
KARACHI (July 25, 2010): Firmness prevailed on the local cotton market on Saturday as the ginners were not ready to sell below their psychological level as rains in the Punjab continued and may cause stoppage in phutti arrival, dealers said. The Karachi Cotton Association (KCA) official spot rate maintained overnight rate at Rs 5,850, they said.
Yarn export: regulatory duty must be allowed to lapse on July 26: Aptma
ISLAMABAD (July 25, 2010): All Pakistan Textile Manufacturers Association (Aptma) is lobbying to allow 15 percent regulatory duty on export of cotton yarn to lapse on Monday (July 26) as any extension will distort the market.
Free trade policy': Aptma hails President's statement
KARACHI (July 25, 2010): All Pakistan Textile Mills Association (Aptma) has hailed the statement of the President of Pakistan Asif Ali Zardari that he believes in Free Trade Policy and all sectors of textile chain should be provided level playing field.
Textile industry playing vital role in national economy
ISLAMABAD (July 25, 2010): Textile industry is backbone of Pakistan's economy and it is playing vital role in the national exchequer and it contributes 60 per cent share in the total exports, said Kashif Shabbir, President, Rawalpindi Chamber of Commerce and Industry (RCCI) here on Saturday.
PSF industry tariff structure be reviewed'
ISLAMABAD (July 25, 2010): The Competition Commission of Pakistan (CCP) has recommended that tariff structure for the Polyester Staple Fibre (PSF) industry may be reviewed by the ministry of textile and the ministry of commerce and the structure may be set in accordance with cascading principal.
PCGA rejects allegations of VATF regarding cotton stock
MULTAN (July 24, 2010): Pakistan Cotton Ginners Association (PCGA) has rejected the allegations of Value Added Textile Forum (VATF) and said that it is impossible to stock cotton and phutti for a long time. It just cannot be done, they said adding that cotton is the crop, which destroys easily and it cannot be stored for a long tim
Spot rate cut by Rs 150 amidst good activity on cotton market
KARACHI (July 24, 2010): Modest trading was seen on the cotton market on Friday as ginners showed some hesitance in selling below their psychological levels, dealers said. The Karachi Cotton Association (KCA) official spot rate was slashed by Rs 150 to at Rs 5,850, they said. In the ready business some 5,800 bales of cotton changed hands between Rs 5600-6090, they said.
Value-added textile exporters urged to identify problems
KARACHI (July 24, 2010): In a move to remove hurdles in the process of exports, Member Customs Munir Qureshi on Friday urged the value-added textile exporters to identify problems which hamper their workings. Speaking at a meeting with the members of Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) he said the exporters should hold meetings with the concerned officials of Customs to find an immediate and permanent solution of their problems.
Fate of 15 percent regulatory duty: worries pile up fast due to MinTex's hostile attitude
LAHORE (July 24, 2010): Worries of spinning industry are piling up fast with rising uncertainty over the fate of 15 percent regulatory duty on exports of yarn, particularly due to alleged hostile attitude of Ministry of Textile (MinTex) toward spinning industry.
APPLA seeks government's help
KARACHI (July 24, 2010): President All Pakistan Power Looms Association (APPLA) Sindh Zone Mohammad Ashfaq has urged the government to take appropriate measures in helping the sector to reduce its expenditure in manufacturing fabrics in the country, which would consequently minimise the chances of fabrics smuggling from Afghanistan to Pakistan.
Increase in wages: Powerloom workers' strike continues
FAISALABAD (July 24, 2010): The strike of Powerlooms Workers remained continued on fourth consecutive day in five industrial areas including Sidhar, Faizabad and Qadirabad, here on Friday, while the negotiations of Powerlooms Owners with local Labour Leaders have failed.The labour leaders of Powerlooms Workers Union and Labour Qaumi Movement have announced that the strike would be continued till acceptance of the demands.
Lint, phutti prices turn easy on cotton market
KARACHI (July 23, 2010): Prices fell marginally on the cotton market on Thursday as picking operations accelerated despite rains in the cotton growing areas, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 6,000, they said. In the ready business, over 3500 bales of cotton changed hands between Rs 5700-6150, they said.
14 million cotton bales to be produced this year, says Gondal
MULTAN (July 23, 2010): Federal Minister for Food and Agriculture, Nazar Muhammad Gondal Thursday categorically denied reports that 80 percent cotton crop was affected by leaf curl virus and pest attacks, saying Pakistan would produce 14 million bales of cotton this season, which were sufficient to meet requirements of the textile industry.
Pressure mounts on cotton prices
LAHORE (July 23, 2010): With early and increasing arrivals of new crop cotton (2010-2011), fiber prices continue to face more pressure. Wholesome monsoon showers over the past week or ten days, particularly in Punjab, are being deemed positive for the growth and development of the new crop. Thus lint prices kept declining this week.
Aptma expresses shock over VATF's accusation
KARACHI (July 23, 2010): All Pakistan Textile Mills Association (Aptma) sources have expressed shock and joy at the accusation from the Value Added Textile Forum (VATF) published in a section of press dated 21 July 2010 whereby VATF has accused the spinners of being able to manipulate cotton prices and urged the government to forbid the spinners to keep more than 2 months of cotton requirements in their mills.
Lint prices firm, spot rate restored at Rs 6,000 on cotton market
KARACHI (July 21, 2010): Mills' demand persisted on the cotton market on Tuesday following the uncertainties about the decision over the exports of cotton yarn, dealers said. The Karachi Cotton Association (KCA) official spot rate recovered it's overnight losses, raised by Rs 200 to Rs 6,000, they said.
Legislation under way in US to abolish tariff on textiles
ISLAMABAD (July 21, 2010): The US delegation, during its recent visit, has conveyed to the government of Pakistan that legislation to abolish tariff on textiles is underway, which would enable Pakistan's textile sector to export its products to the US market without paying duties, Business Recorder has learnt.
Some spinners manipulating cotton prices: VATF
ISLAMABAD (July 21, 2010): Value Added Textile Forum (VATF) has written a letter to President Asif Ali Zardari accusing some spinners of manipulating cotton prices by hoarding stocks of cotton and operating as traders in raw cotton. The letter urged the government to ensure that spinners do not trade in cotton.
15 percent RD on yarn export: Senate body recommends extension up to August 26
ISLAMABAD (July 21, 2010): Senate Standing Committee on Textile Industry has recommended extension of 15 percent Regulatory Duty (RD) on yarn export up to August 26, 2010 and directed the Textile Ministry to prepare annual cotton yarn policy setting an export target for Aptma. The Committee, which met on Tuesday at the Parliament House, urged for formulation of a strategy to regulate the export of yarn in the upcoming season.
Slow phutti arrivals help in stabilising prices on cotton market
KARACHI (July 20, 2010): Slight halt in phutti arrivals, helped the prices to stabilise on the cotton market on Monday, dealers said. The Karachi Cotton Association (KCA) official spot rate decline was minimised, reducing by Rs 200 to Rs 5,800, they said. In the ready business over 7000 bales of cotton changed hands between Rs 5300-6200, indicating a halt in the continued and sharp depreciation in the rates, they said.
15 percent regulatory duty on yarn export: value-added textile, spinners row continues
ISLAMABAD (July 20, 2010): Value-added textile and spinning sectors on Monday stuck to their guns on continuation and doing away with 15 percent Regulatory Duty (RD) on export of yarn, informed sources revealed. The Cabinet Committee on Textile on May 12, 2010 had slapped 15 percent RD on export of all types of yarn for a period of 60 days to ensure ample supply of yarn in the local market. However, RD on export of yarn will expire on July 26.
Regulatory duty on export of cotton yarn must be allowed to lapse on July 26: Aptma
KARACHI (July 20, 2010): All Pakistan Textile Mills Association (Aptma) Chairman Shahzad Ahmad has, once again, appealed to the government to allow 15 percent Regulatory Duty on the export of cotton yarn on 26 July 2010 to lapse.
Cotton market faces a rare crash; Spot rate, lint and phutti prices down drastically
KARACHI (July 19, 2010): Cotton market witnessed a rare crash on the last day of the week, ending on July 17. Spot rate slashed by Rs 700, in ready business prices came down by Rs 400 and phutti prices lost drastically. Meanwhile heart burning continued over yarn exports blocking textile made-up products.
Cotton market crashed on panic selling
KARACHI (July 19, 2010): This time, timely and sufficient rains in Punjab and Sindh provinces have brightened prospects for a record high cotton production of over 15.0 million statistical bales in 2010-11 season. Although officially new cotton seasons commences from every 1st of August and ends on every 31st of July every year but practically it takes start from June or July month in Pakistan.
Spot rate, lint, phutti prices nosedive as cotton market crashes
KARACHI (July 18, 2010): Drastic cut was seen in ready and the spot rate on the cotton market on Saturday in a single session, thus, since the week started, the rates fell by Rs 2000 to Rs 5300, dealers said. The Karachi Cotton Association (KCA) official spot rate was brought down sharply by Rs 700 to Rs 6,000, they said.
Bears dominate spot rate, ready business on cotton market

KARACHI (July 17, 2010): Bearish trend persisted on the cotton market on Thursday as mills were making new deals to keep themselves safe from any apprehension, dealers said. The Karachi Cotton Association (KCA) official spot rate was extended overnight fall by Rs 200 to Rs 6,700, they said.

Syed Omer Nazar named Aptma Faisalabad office Convenor

FASIALABAD (July 17, 2010): Syed Omer Nazar Shah, a prominent industrialist of Faisalabad, Chief Execu-tive of Hassan Spinning Mills Ltd and founder President of Young Entrepreneurs Organisation Pakistan has been appointed as Convenor, Aptma (All Pakistan Textile Mills Association) Faisalabad branch. The decision was unanimously made at the Zonal Managing Committee meeting.

Lint prices sharply lower, spot rate cut to Rs 6,900 on cotton market

KARACHI (July 16, 2010): Prices came further down on the cotton market on Thursday as picking operations accelerated after the recent rains, dealers said. The Karachi Cotton Association (KCA) official spot rate was declined by Rs 200 to Rs 6,900, they said. In the ready business, rates fell sharply by Rs 400 as nearly, 5000 bales of cotton changed hands between Rs 6,000-7,050, they said.

Precipitous fall in cotton prices

LAHORE (July 16, 2010): In line with the global economic uncertainty combined with seasonal blues in most markets around the world from the long term perspective, lint prices in Pakistan crashed by about Rs 800 per maund (37.32 Kgs) over the past three days. Government indeterminacy regarding the fate of any further extension of Regulatory Duty on yarn exports is further accentuating panic among the ginners and the growers.

Phutti prices fall, spot rate raised on cotton market

KARACHI (July 15, 2010): Phutti rates were down on the cotton market on Wednesday amid active buying by the mills, dealers said. The Karachi Cotton Association (KCA) official spot rate, however, was surged by Rs 100 to Rs 7100, they said. In the ready business nearly 4000 bales of cotton changed hands between Rs 7000-7300, they said.

APTMA opens branch office in Faisalabad

LAHORE (July 15, 2010): All Pakistan Textile Mills Association (APTMA) Punjab has established branch office of the Association in Faisalabad with Omar Nazar Shah, as first-ever Convenor. Decision to this effect was taken in Zonal Management Committee (ZMC) of APTMA Punjab held under the chairmanship of Gohar Ejaz the other day.

Between value-added textile, spinning sector: new tug of war on the cards
ISLAMABAD (July 15, 2010): A new tug of war between the value-added textile and spinning sector is on the cards if the government extends 15 percent regulatory duty or abolishes it on export of yarn, informed sources in the Textile sector revealed. Sources in the Textile Ministry revealed to Business Recorder that a meeting of all stakeholders has been convened on July 19, 2010 to seek their recommendations on the yarn issue to table in the upcoming meeting of the cabinet committee on textile.
Prices firm with modest activity, spot rate up by Rs 50 on cotton market
KARACHI (July 14, 2010): Prices stabilised on the cotton market on Tuesday as mills are active in fresh buying because the ginners were selling cotton on the rates matching with the psychological levels, dealers said. The Karachi Cotton Association (KCA) official spot rate was restored some lost ground, raising by Rs 50 to Rs 7000, they said.
15 percent RD on yarn export: National Assembly body for extension of period to August 26
ISLAMABAD (July 14, 2010): The Standing Committee of the National Assembly on Textile Industry expressed its displeasure as Governor State Bank of Pakistan and Presidents of leading banks, called to discuss ways and means for provision of loans on easy instalments to the industry facing financial crunch did not attend the meeting.
PRGMEA chief for locating textile industry in low wage areas
LAHORE (July 14, 2010): Chairman Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) Mohsin Ayub Mirza has said that rural wages should be 35 percent less than urban areas to encourage investors to invest in low production cost locales. Talking to Business Recorder, he said it is imperative for a vast country that two scales of wages are adopted.
Carpet makers lodge complaint against TDAP
ISLAMABAD (July 14, 2010): Pakistan Carpet Manufacturers and Exporters Association on Tuesday called on Commerce Minister, Makhdoom Amin Fahim and lodged a complaint against Trade Development Authority of Pakistan (TDAP) which, according to them, is not extending co-operation to the carpet sector.
Rainy weather may cause short supply, stabilise rates on cotton market
KARACHI (July 13, 2010): Rainy weather may help the cotton prices to stabilise as arrivals of phutti would stop in the cotton growing areas, in Sindh and particularly in Punjab, dealers said on cotton market on Monday. The Karachi Cotton Association (KCA) official spot rate was reduced by Rs 50 to Rs 6,950, they said.
Unprecedented volatile fluctuations in spot rate, lint and phutti prices witnessed through week
KARACHI (July 12, 2010): Cotton prices showed rapid rise during the week, KCA official spot rate to Rs 7350 and lint to Rs 7500, which kept buyers' head reeling and there seemed no check. But restraint on the part of buyers and increase in phutti arrivals pulled the prices down. Lint trading range was down at Rs 6800-7200, spot rate at Rs7000, phutti in Punjab at Rs3000-3150 and in Sindh at Rs3000-3025.
Spinner-buyers trimmed abnormal increase in cotton prices
KARACHI (July 12, 2010): New crop cotton harvesting is gaining momentum day by day and so the ginning operations. Last week some cotton areas of Lower Sindh received normal rains, which largely benefited the plants. In Punjab also rain was reported from some cotton areas of central Punjab which also has been mentioned as quite beneficial for cotton crop.
PHMA for allowing import of textile accessories from India
KARACHI (July 12, 2010): Pakistan Hosiery Manufacturers Association (PHMA) has proposed the government to allow import of textile accessories from India to fulfil the foreign buyers' products demands. The association wants the SRO 1065(I)/2005 dated October 20, 2005, which is primarily for import of textile accessories, should also enshrine such imports from India.
Rising phutti arrivals pull down prices sharply on cotton market
KARACHI (July 11, 2010): Increase in phutti arrivals pushed the prices down sharply on the cotton market on Saturday in process of trading, dealers said. The Karachi Cotton Association (KCA) official spot rate was down by Rs 350 to Rs 7,000, they said. In the ready business, about, 2,000 bales of cotton changed hands between Rs 6800-7200, they said.
Fashion designer pleads for value added textile
LAHORE (July 11, 2010): Pakistan is the fourth largest producer and third largest user of cotton. Yet we are 12th in terms of international trade, which means much of our advantage is lost in low value added semi-manufactured exports. Textile in the West has undergone massive restructuring and now become capital intensive.
Yarn exports allowed on cash payment
LAHORE (July 11, 2010): Government has allowed exports of yarn on cash payment having received a quota within the allocation of 32,000 tones against valid Letters of Credit (LCs). It may be noted that export of yarn against valid LCs, on first-come-first-served basis, opened before May 12, 2010 are allowed without regulatory duty for a maximum quantity of 32,000 tones.
CLCV resistant cotton varieties: PARB working on two different projects
LAHORE (July 11, 2010): Punjab Agricultural Research Board (PARB) is working on two different projects to develop Cotton Leaf Curl Virus (CLCV) resistant cotton varieties, which is one of the major cotton production limiting factors. The Board is working on these two projects in collaboration with local and foreign experts at a cost of over Rs 40 million, sources in the Board told Business Recorder here on Saturday.

Sharp fall witnessed in rates on cotton market

KARACHI (July 10, 2010): Prices came down sharply on the cotton market on Friday as a result of heavy selling by ginners, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 7,350, they said. In the ready business approximately, 2,500 bales of cotton changed hands between Rs 7000-7500. Two deals from different stations done at Rs 7000, they said.

Seth Mohammed Akbar elected PCF chairman
LAHORE (July 10, 2010): Pakistan Cotton Forum (PCF), a joint platform of Farmers Associates Pakistan (FAP), Pakistan Cotton Ginners Association (PCGA), Karachi Cotton Association (KCA) and All Pakistan Textile Mills Association (Aptma) elected unanimously Seth Mohammed Akbar and Hussain Jahanian Gardezi as its first Chairman and Vice Chairman respectively.

TEXWORLD USA fair: Textile manufacturers' team to leave for New York
KARACHI (July 10, 2010): Federal Advisor on Textile, Dr Mirza Ikhtiar Baig will be heading a delegation of leading textile manufacturers and exporters of value added textile to TEXWORLD USA to he held at Javitrs Cener , New York from July 13-16,2010. Dr Baig said that TEXWORLD USA is an important exhibition for US market for our textile products. On the initiative of Ministry of Textile, TDAP have sponsored the exhibition.

CCP conducts search, inspection of PJMA head office
ISLAMABAD (July 10, 2010): The Compe-tition Commission of Pakistan, (CCP) conducted search and inspection of the head office of the Pakistan Jute Mills Association (PJMA) in Lahore on July 8, 2010, pursuant to Section 34 of the Competition Ordinance.

Spot rate up by Rs 100 at Rs 7,350 on cotton market

KARACHI (July 09, 2010): Firmness prevailed on the cotton market on Thursday as spot's surge was maintained in process of trading, dealers said on Thursday. The Karachi Cotton Association (KCA) official spot rate was extended, raising by Rs 100 to Rs 7,350, they said. In the ready business approximately, 2,500 bales of cotton changed hands between Rs 7300-7500, they said.

Meteoric rise in cotton prices
LAHORE (July 09, 2010):
Cotton prices climbed to dizzy heights at unprecedented levels when premium quality of new crop (2010-2011) from Punjab reportedly sold between Rs 7,450 to Rs 7,500 per maund (37.32 kgs) ex-gin on Thursday in a lint starved market breaking all previous records.
APTTA talks: Kabul raised issue of textile products' smuggling

ISLAMABAD (July 09, 2010): Afghanistan raised the issue of smuggling of textile products, particularly fabrics and other items through land route from Pakistan to Afghanistan during recently concluded talks on the proposed Afghan Pakistan Transit Trade Agreement (APTTA). Sources told Business Recorder here on Thursday that the Afghan side has identified many items including textile, fabrics, flour and other commodities which are being smuggled from Pakistan to Afghanistan under the cover of bilateral trade.

Pay raise: owners, workers of powerloom industry advised to settle issue amicably
FAISALABAD (July 09, 2010):
District Co-ordination Officer, Saeed Wahlah has advised the owners and workers of powerloom industry to settle their issues with mutual understanding so that business activities could continue in a conducive and peaceful environment. He was presiding over a joint meeting of representatives of powerloom owners and workers to discuss the issues related to the increase in wages of the workers.
Aptma, value added exporters meet to chalk out strategy

LAHORE (July 09, 2010): All Pakistan Textile Mills Association (Aptma) and value added manufacturers organised first round of talks on Thursday to chalk out joint strategy. Financial constraints, shortage of cotton and energy besides imminent tax related issues have jeopardised the textile industry.

Lint prices hit new high at Rs 7,500; spot rate at Rs 7,250 on cotton market
KARACHI (July 08, 2010): Cotton prices maintained upward journey as many deals finalised at new high at Rs 7,500 amid speculative buying, dealers said on Wednesday. The Karachi Cotton Association (KCA) official spot rate its continued surge was maintained, rising by Rs 150 to Rs 7,250, they said.
Availability of yarn at affordable prices: spinners, value added exporters urged to evolve joint strategy
LAHORE (July 08, 2010):
Federal Textile Minister Rana Farooq Saeed has urged spinners and value added exporters to evolve a joint strategy on the availability of yarn at affordable prices. He was chairing a joint meeting of textile industry at the Textile House on Wednesday. According to Rana, the ministry is working for the growth of all sectors of textile industry.

Persistent price rises cause uncertainties among cotton traders
KARACHI (July 07, 2010): Prices maintained their upward march on the cotton market on Tuesday and caused unforeseen uncertainties in the cotton circle, dealers said. The Karachi Cotton Association (KCA) official spot rate kept on rising continuously, increasing by Rs 100 to Rs 7100, they said. In the ready business, approximately, 6000 bales of cotton changed hands between Rs 7000-7300 including 3000 bales from old crop, they said.
Revision of duty on PTA: ECC tells MoC to take ministries, divisions on board
ISLAMABAD (July 07, 2010): The Economic Co-ordination Committee (ECC) of the Cabinet has directed the Commerce Ministry to take all concerned ministries and divisions on board and to table a joint proposal on revision of custom duty on Pure Terephthalic Acid (PTA), a major raw material for polyester and textile industries used in the manufacturing of Polyester Staple Fiber (PSF), Business Recorder has learnt.
Abnormal rise in cotton prices: 100 spinning mills may close operations
LAHORE (July 07, 2010): As many as 100 spinning mills are likely to close operations due to rise in cotton prices to Rs 7000 per maund, said industry sources. It may be noted that around 50 spinning mills have already closed operations due to rising phenomenon in cotton prices and another 50 are likely to join them soon.

KCA spot rate up by Rs 150 in a single day rally, lint at Rs 7,200

KARACHI (July 06, 2010): After crossing the all-time high mark in ready, the spot rate was shot up sharply on the cotton market on Monday due to short supply position, dealers said. The Karachi Cotton Association (KCA) official spot rate's upward journey was maintained, raising sharply by Rs 150 to Rs 7000, they said. In the ready business, approximately, 2000 bales of cotton changed hands between Rs 7000-7200, they said.

Unprecedented all-round price flare-up seen on cotton trade; better crop reports, early arrivals ignored
KARACHI (July 05, 2010):
The growers information that cotton production is likely to be bumper. But consumption is estimated to be more than production, world recession not withstanding. As a result on week's closing day spot rate was jumped by Rs 150 ie Rs 300 rise in a week, lint touched Rs 7000 mark, phutti was selling in Punjab at Rs3100-3225 and in Sindh at Rs 300-2025. Thus there was unprecedented all-round price flare up.

Uncertain conditions confuse cotton market

KARACHI (July 05, 2010): During the last week, weather has been quite favourable for cotton plant development. With the end of June month, even late cotton sowing is reported to have been completed. However, final figures about area sown to cotton is yet to be announced by the government but last year (2009-10) it was 3.106 million hectares and with 10 percent increase, it may be around 3.416 million hectares.

Shortage pushes spot rate to Rs 6,700; lint price may touch Rs 7,000 level

KARACHI (July 03, 2010): Short supply caused further rise in the prices and it is most likely that present trend may continue in the coming days, dealers said on the cotton market on Thursday. The Karachi Cotton Association (KCA) official spot rate maintained its surge, gaining further Rs 50 to Rs 6,700, they said.

First time in history: 30,000 bales of new cotton crop arrive in June
KARACHI (July 02, 2010): First time in the history of cotton, nearly 30,000 bales of cotton of new season 2010-11 arrived at ginneries in June, dealers said on the cotton market on Thursday. The Karachi Cotton Association (KCA) official spot rate maintained its surge, gaining Rs 50 to Rs 6,650, they said. About 3000 bales of cotton changed hands between Rs 6500-6750, they said.

Cotton still being exported: Bilwani
KARACHI (July 02, 2010): It is a matter of great concern for the value added textile sector that despite scarcity of cotton in the country still cotton is being exported from Pakistan to our competing countries, even in the month of April and May cotton export continues unabated, lamented M. Jawed Bilwani, Co-ordinator, Value Added Textile Forum.

Short supply pushes up cotton prices
LAHORE (July 02, 2010): Despite decrease in New York cotton futures prices (ICE) this week and the alarming banking, sovereign debts and faltering economic situation around the world, domestic prices in Pakistan have perked up this week to near record levels. Paucity of cotton in the ready market and at least a couple of more months to go before the new Pakistan crop (2010-2011) arrivals gain momentum to ensure regular supply have propelled cotton prices to high levels.

Cotton yarn: call for devising clear-cut export policy
FAISALABAD (July 02, 2010): Value added textile exporters have urged the government to come out clearly with a cotton and yarn policy for the next period of 2010-11 to enable the exporters plan for USD 15 billion textile exports benchmark. Talking to newsmen here Thursday, leaders of Value Added Textile Forum Khurram Mukhtar, Rana Mushtaq Khan and Sohail Pasha, while appreciating USD 10 billion exports of textiles in the outgoing fiscal, said that for the fourth consecutive year, exports of textile group have maintained USD 10 billion plus export benchmark.

Lint price, spot rate turn higher on cotton market

KARACHI (July 01, 2010): Prices were sharply higher on the cotton market on Wednesday on rising demand by the mills, dealers said. The Karachi Cotton Association (KCA) official spot rate was raised by Rs 50 to Rs 6,600, they said. More than 3,200 bales of cotton changed hands between Rs 6500-6750, they said. Phutti prices were at Rs 2850-3100 in Punjab and in Sindh the rates were at Rs 2825-2850, they added.

Hafeez asked to sort out problems of textile industry

ISLAMABAD (July 01, 2010): Prime Minister Syed Yusuf Raza Gilani on Wednesday directed the Finance Minister to convene a meeting of all the stakeholders of the textile sector to sort out problems of the industry. The Prime Minister was chairing a meeting of the textile industry representatives at the PM Chamber in the Parliament House here. He asked the Finance Minister to resolve the tax refund issue at the earliest.
'Government should take steps to bridge gap between demand, supply of power'
FAISALABAD (July 01, 2010): Efficient use of available energy resources is must to produce cheap exportable surplus and earn precious foreign exchange for the country, said Tanvir Safdar Cheema Chief Executive Officer Fesco. Addressing a save energy workshop organised jointly, Cleaner Production Institute and All Pakistan Textile Processing Mills Association, he said that wide gap between demand and supply of energy has necessitated the importance of save energy.
Rs 10 billion earmarked for EISF in budget: Dr Baig

LAHORE (July 01, 2010): Dr Mirza Ikhtiar Baig, Federal Advisor on Textile, Government of Pakistan in an interview with the Indian world's apparel, textiles, fashion and retail industries news said that the government has allocated Rs 10 billion in the budget 2010-11 for the 'Export Investment Support Fund'(EISP) to provide mark up rate on export refinancing and rebate on fabric, home textiles and garments to achieve the export target of 25 billion dollar in the next five years.

Phutti prices sharply higher as more ginning factories begin operation
KARACHI (June 30, 2010):
With the improvement of pace of phutti arrivals prices also went up sharply on the cotton market on Tuesday as more ginning factories have started work. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 6,550, they said.

Aptma team meets Hafeez Shaikh
ISLAMABAD (June 30, 2010):
A six-member delegation of All Pakistan Textile Mills Association (Aptma), led by its Chairman, Shahzad Ahmad, called on Dr Abdul Hafeez Shaikh, Federal Minister for Finance here on Tuesday. During the meeting, the members of Aptma discussed the problems being faced by the textile industry in Pakistan.

Price stable in modest trading on cotton market
KARACHI (June 29, 2010): Fears of surge in prices forced the mills to adopt cautious attitude toward the forward buying, dealers said on the cotton market on Monday. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 6,550, they said. In the ready business approximately 1200 bales of cotton from different stations changed hands within the range of Rs 6400-6650, they said.
Duty on PSF may be increased by 1.5 percent: ECC meets today
KARACHI (June 29, 2010): The government is considering increasing the import duty on Polyester Staple Fiber (PSF) from 4.5 percent to 6 percent a move that aimed at protecting local manufacturers. Sources in the textile industry told Business Recorder on Monday the Economic Co-ordination Committee (ECC) would review the PSF duty structure in its meeting on Tuesday, June 29.
Hand-knotted carpets: SBP revises performance criteria under EFS
KARACHI (June 29, 2010): The State Bank of Pakistan on Monday revised performance criteria under the under Part-II of Export Finance Scheme (EFS) for hand-knotted carpets for the current 2009-10 fiscal year to facilitate exporters.New crop phutti arrivals fail in bringing down prices, spot rate raised by Rs 200 in view of short crop estimates world over
KARACHI (June 28, 2010): Cotton market stayed widely inactive, despite new crop phutti has started arriving in Sindh and Punjab, but ginners were unprepared to relax prices. Spot rate was twice raised cumulatively by Rs 200 to Rs 6550.
Domestic spinning mills greet new cotton crop with handsome price
KARACHI (June 28, 2010): Cotton activities from sowing to harvesting and to ginning continue throughout the year in Pakistan. Sometime, ginning operation continues whole of the year. Presently, cotton sowing of 2010-11 season has hardly been completed while harvesting of the same crop has also commenced and so the ginning operations in new cotton crop.
Senator urges access for Pakistan's textiles to US and Europe
KARACHI (June 28, 2010): The chairman of Senate standing committee on textile, Gul Mohammed Lot, has said that providing access to Pakistan's textiles to US markets will be a greater US help for Pakistan. Talking to a delegation of industrialists at his residence here on Sunday, he emphasised that while holding talks with the US authorities at different levels, "our stress should be on trade on lasting basis instead of aid".
US urged to sign free trade agreement with Pakistan
ISLAMABAD (June 28, 2010): Minister for Textile Industry Rana Farooq Saeed Khan urged the United State (US) authorities to sign free trade agreement with Pakistan. He said this while talking to a delegation of industrialists from value added textile industry who called upon Ms Faryal Talpur President PPP Women Wing and Rana Farooq Saeed Khan, Minister for Textile Industry recently here at Zardari House Islamabad.
Prices steady despite growing arrivals on cotton market
KARACHI (June 27, 2010): Steady trend was seen on the cotton market on Saturday as mills were active in buying of new crop in anticipation of increase in the rates, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 6,550, they said. In the ready business approximately 2000 bales of cotton from different stations changed hand within the range of Rs 6200-6600, they said.

Prices up as monsoon rains begin over cotton belt
KARACHI (June 26, 2010): Prices showed further increase as the monsoon rains started in the cotton belt but the rains are beneficial for the standing crop, experts said on the cotton market on Friday. The Karachi Cotton Association (KCA) official spot rate was raised by Rs 50 to Rs 6,550 the second rise in two days, showing a net gain of Rs 150, they said.
Restricting surplus yarn exports: Country loses $100 million in May
LAHORE (June 26, 2010): The country has lost approximately $100 million in the month of May due to restricting exports of about 34000 tones surplus yarn, revealed the exports figures by Trade Development Authority of Pakistan (TDAP). Not only this, said the sources, exports of knitwear, bed wear and readymade garments have declined by 5 percent, 9 percent and 3 percent, respectively in quantity terms during the month of May comparing with the corresponding period.

KARACHI (June 24, 2010): Firmness prevailed on the cotton market on Wednesday, experts said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 6,400. In the ready business, approximately 800 bales of new crop cotton from different stations changed hand within the range of Rs 6400-6500, they said. Phutti from the Punjab was trading at Rs 2900-3000 and at Rs 2750-2800 per maund in Sindh, they added.
Yarn prices soar again in domestic market
LAHORE (June 24, 2010): Yarn prices are soaring again in domestic market with short supply from the spinners, leading to continuity of crisis like situation for the value-added sector. It may be noted that the yarn prices had dwindled down substantially right after the imposition of 15 percent regulatory duty on exports of yarn.

Firm trend depicted in new crop deals on cotton market
KARACHI (June 24, 2010): Firmness prevailed on the cotton market on Wednesday, experts said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 6,400. In the ready business, approximately 800 bales of new crop cotton from different stations changed hand within the range of Rs 6400-6500, they said. Phutti from the Punjab was trading at Rs 2900-3000 and at Rs 2750-2800 per maund in Sindh, they added.
Yarn prices soar again in domestic market
LAHORE (June 24, 2010): Yarn prices are soaring again in domestic market with short supply from the spinners, leading to continuity of crisis like situation for the value-added sector. It may be noted that the yarn prices had dwindled down substantially right after the imposition of 15 percent regulatory duty on exports of yarn.

Phutti prices up, lint rate firm on cotton market
KARACHI (June 23, 2010): Phutti prices were higher on the cotton market on Tuesday, ginners were reluctant to finalise any deal on the lower rates, experts said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 6,400. In the ready business, 4000 bales of cotton from Burewala finalised at Rs 6500, they said.

Textile sector of Faisalabad: 'Punjab's division to have adverse effects'
FAISALABAD (June 23, 2010): There is a serious threat to the textile sector of Faisalabad if Punjab is divided into more provinces. Presently, the city is enjoying the status of 5 billion US dollars exports and the yarn market known in the world as largest in Asia. Punjab is the biggest province of the country in respect of population, agricultural productivity and value addition to GDP.

New law to ensure international standards in textile industry: DG

ISLAMABAD (June 23, 2010): International standard of textile industry will be ensured with the introduction of new 'Textile Development and Promotion Bill'. This was stated by Naseem Qureshi, Director General, Ministry of Textile Industry, in an exclusive talk with Business Recorder here on Tuesday.

Chairman PRGMEA to visit North Zone on June 24

LAHORE (June 23, 2010): Central Chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Mohsin Ayub Mirza would hold important meeting of North Chapter of the association on Thursday and discuss the issues of the sector at length. It is first visit of the Central Chairman PRGMEA of North Zone.

Prices higher on cotton market despite new crop phutti arrivals
KARACHI (June 22, 2010): Prices were up on the cotton market on Monday as the ginners were not ready to lower the asking prices despite the steady arrivals of phutti from different stations of the Punjab and Sindh, experts said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 6,400. In the ready business, over 2000 bales of cotton changed hands between Rs 6300-6800, they said.
Shahzad Ahmed elected Aptma chairman
KARACHI (June 22, 2010): The Executive Committee All Pakistan Textile Mills Association (Aptma) in its 13th meeting held on Saturday at Aptma Offices in Karachi, Lahore and Peshawar (over video Conference system) elected Shahzad Ahmed as the chairman Aptma in place of Anwar Ahmed Tata, who resigned due to health reasons.
Yarn exports increased by 22 percent during July-May: Bilwani
KARACHI (June 22, 2010): Surprisingly, exports of yarn from Pakistan during the period July-2009 to May 2010 is to the tune of 588.3 million tons as compared to the 11 month-period last year, showing an increase of 22 percent when 20 percent of the spinning units have closed down, stated M Jawed Bilwani, Co-ordinator, Value Added Textile Forum and said still the spinners are 'crying wolfs'.

Conditional yarn export, new crop phutti arrival help improve trading on cotton market
KARACHI (June 21, 2010): Late in the week cotton purchase began by the spinners and textile millers the activity unexplained whether decision of yarn exports or receipt of India over two lakh bales were behind the sales. The spot rate was down twice and last was seen at Rs 6400.

Activity improves on cotton market with new crop phutti arrival
KARACHI (June 20, 2010): Trading activity improved on the cotton market on Saturday as new phutti arrivals encouraged the mills to continue forward buying, experts said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 6,400. In the ready business nearly 5000 bales of cotton changed hands between Rs 5300-6700, they said. Phutti from the Punjab was trading at Rs 2800-3100 and seedcotton in Sindh was trading at Rs 2700-2750 per maund, they said.

'US to help promote opportunities for apparel makers'
ISLAMABAD (June 20, 2010): US Special Representative for Afghanistan and Pakistan Richard Holbrooke on Saturday said the two sides have discussed measures to promote business opportunities for Pakistani textile apparel manufacturers. Addressing a joint press conference with Foreign Minister Shah Mahmud Qureshi, he said the US would support the holding of a textile exhibition in New York from 13th to 15th of next month.

International News:-

New York cotton settles easier on profit-taking
NEW YORK (July 29, 2010): Cotton futures finished easier on Wednesday on profit-taking after climbing previously to a three-week top with the market still facing the prospect of tight deliverable supplies, brokers said. The December cotton contract shed 0.39 cent to close at 76.31 cents per lb, dealing from 76.11 to 77.29 cents.
New York cotton
NEW YORK (July 29, 2010): Tuesday's closing prices of New York cotton in US cents/lb.
New York cotton closes near three-week high
NEW YORK (July 28, 2010): Cotton futures ended near a three-week top Tuesday as nearby contracts were buoyed by tight deliverable supplies while back months declined as a result of weak outside markets, brokers said. The December cotton contract gained 0.21 cent to end at 76.70 cents per lb, moving from 76 to 76.94 cents. It was the loftiest close for the second position contract since July 8, according to Thomson Reuters data.
Cottonseed supply seen up sharply: Oil World
AMSTERDAM (July 28, 2010): Large cottonseed crops in the United States and Australia are set to increase world supply by about 13 percent in 2010/11 and boost trade and processing of the oilseed, analysts Oil World said on Tuesday. Oil World said it had raised its 2010/2011 estimate of global cottonseed production to a 3-year high of 44.2 million tonnes, up 5.1 million tonnes from 2009/10.
New York cotton
NEW YORK (July 28, 2010): Monday's closing prices of New York cotton in US cents/lb.
New York cotton closes at two-week high
NEW YORK (July 27, 2010): Cotton futures closed at a fresh two-week top Monday on follow-through buying as the market successfully raced past key technical barriers and the momentum may push values higher this week, brokers said. The December cotton contract increased 1.15 cents or by 1.52 percent to end at 76.49 cents per lb, moving from 75.34 to 76.53 cents. It was the loftiest close for the second-position contract since July 8.
New York cotton futures at two-week high
NEW YORK (July 24, 2010): Cotton futures finished on Friday at a 2-week high on follow-through buying as scant deliverable cotton supplies boosted nearby contracts and the advance may spill over into next week, brokers said. The December cotton contract increased 0.63 cent to end at 75.34 cents per lb, moving from 74.51 to 75.54 cents.
New York cotton
NEW YORK (July 24, 2010): Thursday's closing prices of New York cotton in US cents/lb.
New York cotton up on tight certified stocks
NEW YORK (July 23, 2010): Cotton futures ended higher Thursday on investor buying as tight deliverable supplies gave nearby months a boost although players were still fretting over the fragile state of global economic recovery, brokers said. The December cotton contract increased 0.78 cent to end at 74.71 cents per lb, moving from 73.58 to 74.74 cents. The spot October cotton contract gained 0.80 cent to finish at 79.57 cents.
New York cotton
NEW YORK (July 23, 2010): Wednesday's closing prices of New York cotton in US cents/lb.
New York cotton settles higher
NEW YORK (July 22, 2010): Cotton prices bounced Wednesday as spillover from outside markets added to buying based on technical chart cues. Nearby cotton for October delivery settled 0.92 cent, or 1 percent, higher at 73.93 cents a pound on ICE Futures US.
New York cotton
NEW YORK (July 22, 2010): Tuesday's closing prices of New York cotton in US cents/lb.
New York cotton at 5-1/2 month low
NEW YORK (July 21, 2010): Cotton futures finished Tuesday at a 5-1/2 month low on investor sales as a large US crop and uncertainty over the state of global economic recovery kept fibre contracts on the defensive, brokers said. The December cotton contract fell 0.61 cent to settle at 73.01 cents per lb, after dealing between 72.96 and 74.29 cents.
New York cotton
NEW YORK (July 21, 2010): Monday's closing prices of New York cotton in US cents/lb.

New York cotton futures settle lower

NEW YORK (July 20, 2010): Cotton futures ended lower on Monday, after an early test and failure at the 75-cent level attracted sellers and kept the market locked in a familiar range, brokers said. The key December cotton contract shed 0.34 cent to settle at 73.62 cents per lb, after dealing between 73.25 and 74.98 cents.

World market price for upland cotton

WASHINGTON (July 18, 2010): The US Agriculture Department set the prevailing world market price for upland cotton at 66.31 cents per lb, effective through July 22. USDA based program determinations on new crop (forward) prices. The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton. The next announcement for upland cotton will be on July 22, at 4 pm Eastern time.
New York cotton ends firmer but in tight band
NEW YORK (July 17, 2010): Cotton futures edged up to a firm close Friday on investor buying as the market consolidated, and brokers said the next move depends on outside markets. The key December cotton contract added 0.49 cent to close at 73.96 cents per lb, trading between 73.13 and 74.25 cents. It was an inside day as the contract stayed within Thursday's 73.06 to 74.29 band. On the week, December was down 1.37 percent from its Friday close at 74.99 cents.
New York cotton
NEW YORK (July 17, 2010): Thursday's closing prices of New York cotton in US cents/lb.
New York cotton settles touch firmer
NEW YORK (July 16, 2010): Cotton futures settled fractionally higher on Thursday on late investor buying as the market's downward spiral seemed to have slowed and futures consolidated, brokers said. The key December cotton contract gained 0.12 cent to close at 73.47 cents per lb, dealing from 73.06 to 74.29 cents. On Wednesday, the contract ended near a five-month low at 73.35 cents.
New York cotton
NEW YORK (July 16, 2010): Wednesday's closing prices of New York cotton in US cents/lb.
New York cotton settles near five-month low
NEW YORK (July 15, 2010): Cotton futures finished Wednesday at a fresh near five-month low on investor sales but the market ran into support at its session lows from possible consumer buying, brokers said. The key December cotton contract declined 1.30 cents to end at 73.35 cents per lb, dealing from 73.21 to 74.82 cents. It was the lowest close for the contract since February 24, according to Thomson Reuters data.
New York cotton
NEW YORK (July 15, 2010): Tuesday's closing prices of New York cotton in US cents/lb.
New York cotton settles higher
NEW YORK (July 14, 2010): Cotton futures closed higher Tuesday on trade and investor buying as the market rebounded after sinking in the previous session to a five-month low, brokers said. The rebound was aided by firmer outside markets and trade belief that demand for the fibre will be there despite a large US cotton crop in the 2010/11 marketing year (August/July).
New York cotton
NEW YORK (July 14, 2010): Monday's closing prices of New York cotton in US cents/lb.

New York cotton at five-month low

NEW YORK (July 13, 2010): Cotton futures finished on Monday at a fresh 5-month low on investor liquidation due to a large US cotton crop and brokers believe doubts over economic recovery will weigh on fibre contracts in the coming days. The key December cotton contract dropped 1.20 cents to close at 73.79 cents per lb, trading from 73.56 to 74.95 cents.

New York cotton up and may push higher next week
NEW YORK (July 10, 2010): Cotton futures ended higher Friday on trade and investor buying as the market seems to have shrugged off for now a bearish government crop report, brokers said. The key December cotton contract rose 1.00 cent to close at 74.99 cents per lb, trading from 73.61 to 75.38 cents. On the week, the contract was down 0.71 percent from last Friday's close of 75.53 cents.

New York cotton

NEW YORK (July 10, 2010): Thursday's closing prices of New York cotton in US cents/lb.

New York cotton futures settle easier
NEW YORK (July 09, 2010): Cotton futures settled easier Thursday on modest investor sales as participants tweaked their positions before release of a government crop report tomorrow, brokers said. The key December cotton contract fell 0.57 cent to close at 73.99 cents per lb, trading from 73.60 to 75.20 cents.

New York cotton

NEW YORK (July 09, 2010): Wednesday's closing prices of New York cotton in US cents/lb.

New York cotton settler higher
NEW YORK (July 08, 2010): Cotton futures finished higher Wednesday on investor buying to lift the market from a 5-month low as players looked toward release of a government crop report at the end of the week, brokers said. The key December cotton contract added 0.24 cent to close at 74.56 cents per lb, trading from 73.55 to 75.01 cents.

New York cotton

NEW YORK (July 08, 2010): Tuesday's closing prices of New York cotton in US cents/lb.

New York cotton ends at five-month low

NEW YORK (July 07, 2010): Cotton futures ended Tuesday at a 5-month low on investor sales as fears over the economy and violation of a technical support level may lead to further losses in cotton after a holiday weekend, brokers said. The cotton market was shut Monday in observance of US Independence Day.

Global cotton output to jump 14 percent
WASHINGTON (July 04, 2010):
Farmers will boost global cotton production in 2010/11 as they move from less profitable grains and oilseeds and increase cotton plantings, an international farm group said on Thursday. The International Cotton Advisory Committee secretariat said in a monthly report cotton prices jumped 28 percent in 2009/10 to the highest level in 13 years as stocks dwindled.

New York cotton settles lower
NEW YORK (July 03, 2010): Cotton futures closed on Friday near a month low on investor sales and analysts said the market is close to a technical level it must hold to prevent further losses after a holiday weekend. The cotton market will be shut Monday in observance of US Independence Day. Trading resumes on Tuesday. The key December cotton contract dropped 0.92 cent, or 1.2 percent, to finish at 75.53 cents per lb, the lowest finish in nearly a month, according to Thomson Reuters data.
New York cotton
NEW YORK (July 03, 2010): Thursday's closing prices of New York cotton in US cents/lb.

New York cotton ends tad higher
NEW YORK (July 02, 2010): Cotton futures settled slightly higher on Thursday, rebounding from the previous session's three-week low that was hit after a government plantings estimate suggested the biggest US cotton crop in three years. The key December cotton contract gained 0.07 cent to close at 76.45 cents per lb, trading in a range from 75.17 to 77.26 cents.
New York cotton
NEW YORK (July 02, 2010): Wednesday's closing prices of New York cotton in US cents/lb.

New York cotton at fresh three-week low
NEW YORK (July 01, 2010): Cotton futures settled at a fresh three-week low Wednesday on investor sales as the market reeled from a government plantings estimate that would lead to the biggest US cotton crop in three years, brokers said. The key December cotton contract fell 1.75 cents to close at 76.38 cents per lb, the lowest settlement price on the benchmark third position cotton contract since June 8.
US 2010 cotton sowings at four-year high
NEW YORK (July 01, 2010): Cotton sowings in the US hit a four-year high in 2010 and the cotton crop of the world's largest fiber exporter should be up sharply in the 2010/11 season, analysts said Wednesday. The US Agriculture Department's annual planted acreage report pegged US 2010 cotton sowings at 10.909 million acres, the highest since the country planted 15.274 million acres in 2006.

New York cotton


NEW YORK (July 01, 2010): Tuesday's closing prices of New York cotton in US cents/lb.

New York cotton futures at three-week low
NEW YORK (June 30, 2010): Cotton futures settled at a three-week low Tuesday on investor sales sparked by news of a more downbeat assessment of economic growth for No 1 cotton consumer China and weakness in the commodity complex. The key December cotton contract fell 0.32 cent to conclude at 78.13 cents per lb, the lowest settlement price on the third position cotton contract since June 9.

New York cotton

NEW YORK (June 30, 2010): Tuesday's closing prices of New York cotton in US cents/lb.

New York cotton settles quietly lower
NEW YORK (June 29, 2010): Cotton futures settled lower Monday on very light investor sales as players tweaked positions before the release this week of a key government plantings report, brokers said. Benchmark December cotton eased 0.46 cent to end at 78.45 cents per lb, dealing from 77.67 to 79.30 cents.

US cotton plantings seen at three-year high
NEW YORK (June 29, 2010): Cotton plantings in the United States in 2010 will rise to their loftiest level in three years as high prices and ideal growing weather boost sowings, industry analysts predicted Monday. A Reuters poll of industry participants forecast 2010 cotton plantings would hit around 10.85 million acres, up 19.84 percent from the 9.054 million planted in 2009, which was a 25-year low.

World market price for upland cotton
WASHINGTON (June 27, 2010): The US Agriculture Department set the prevailing world market price for upland cotton at 77.84 cents per lb, effective through July 1. The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton.

New York cotton edges up in quiet session
NEW YORK (June 26, 2010): Cotton futures crept to a firmer close Friday on light investor buying as the market dawdled ahead of next week's release of a key government plantings report, brokers said. The key December cotton contract gained 0.19 cent to end at 78.91 cents per lb, dealing from 78.34 to 79.20 cents.
New York cotton
NEW YORK (June 26, 2010): Thursday's closing prices of New York cotton in US cents/lb.

New York cotton futures end lower
NEW YORK (June 24, 2010): Cotton futures finished largely lower as players unwound positions in the spot July contract as it approached delivery later on Wednesday, brokers said. The key December cotton contract dropped 1.05 cents to conclude at 78.16 cents per lb, dealing from 77.48 to 79.57 cents. Volume traded in the December contract stood at 11,454 lots at 2:34 pm EDT (1834 GMT). Spot July increased 1.99 cents to end at 84.45 cents. Except for one contract, back months were down 0.73 to 1.18 cents.

New York cotton

NEW YORK (June 24, 2010): Tuesday's closing prices of New York cotton in US cents/lb.

New York cotton settles higher
NEW YORK (June 23, 2010): Cotton futures finished higher Tuesday on modest investor buying as the market braced for deliveries in the July contract on Thursday, brokers said. The key December cotton contract added 0.04 cent to finish at 79.21 cents per lb, dealing from 78.54 to 79.43 cents. It was an inside day since the range was within Monday's 78.37 to 79.57 cents band.

New York cotton

NEW YORK (June 23, 2010): Monday's closing prices of New York cotton in US cents/lb.

New York cotton settles firmer
NEW YORK (June 22, 2010): Cotton futures closed firmer Monday in a choppy session as the focus was on deliveries in the July contract while news on China's plans for its yuan currency was digested by market players, analysts said. The key December cotton contract added 0.22 cent to finish at 79.17 cents per lb, dealing from 78.37 to 79.57 cents.

Jil Sander says full recovery could be years out
FLORENCE (June 20, 2010):
Fashion house Jil Sander Group does not see a full recovery in Europe and the United States before 2014, as markets instability drags on luxury spending, its head told Reuters.
 

Cotton Future.

       Market Prices:-

         End of Day Prices
         Intra-Day Prices
        AWP, Step2 & Step3
         Spot Quotes

Source www.brecorder.com

 

                                   Updated at :07/29/2010 10:08:56 AM +0500

Prepared by Hala Quadri ( Computer Programmer)