National News

FAISALABAD (November 13, 2007): The export of cotton yarn is diverting from US and Hong Kong to China and EU countries, while Cotton Fabrics export is diverting from US to EU, Bangladesh, Turkey and India. According to official statistical analysis, cotton yarn exports depicted a nominal growth of 3.1 percent during FY07 compared with robust growth of 30.9 percent in FY06.

KARACHI (November 13, 2007): The United State Department of Agriculture (USDA) has predicted that Pakistan will miss its cotton production by about two million bales, as the mealy bug and cotton leaf curl virus (CLCV) has badly hit the crop.

KARACHI (November 13, 2007): Prices showed modest fall as phutti supplies improved on the cotton market on Monday, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3175, dealers said. In Sindh phutti was at Rs 1525-1550 and in Punjab it was at Rs 1575-1625, dealers said.

KARACHI (November 12, 2007): The sellers are predicting cotton output at 13 million bales, but consumers are opting for buying irrespective of asking prices which today prevail around Rs 3075 and Rs 3350 owing to record prices of Sindh and Punjab Phutti.

LAHORE (November 09, 2007): Growing fears of cotton shortage in the country has resulted in increase of lint prices by Rs 410 to Rs 450 per maund (37.32 kgs) in Sindh over the last couple of months and by Rs 500 to Rs 525 per maund in Punjab since early September 2007.

KARACHI (November 09, 2007): Lint and spot rate maintained their upward march in the cotton market on Thursday as mills continued buying in apprehension of short supply position in the coming days, dealers said. The Karachi Cotton Association (KCA) official spot rate was up by Rs 25 to Rs 3175, dealers said.

KARACHI (November 07, 2007): Activity picked up on the cotton market on Tuesday as most of the mills were interested in the new buying in anticipation of further rise in the prices. Spot rate jumped by Rs 50 to Rs 3125 and cotton was trading in ready at Rs 3250, dealers said.

ISLAMABAD (November 07, 2007): Cotton arrivals at the ginning factories, recorded on November 1, has reached 4.2 million bales while on October 15 it was 2.4 million bales. The cotton arrivals from Punjab are recorded at 2.7 million, whereas 1.4 million bales have arrived from Sindh.

MULTAN (November 06, 2007): Pakistan Cotton Ginners Association (PCGA) Chairman Suhail Mehmood Haral has asked the ginners not to lend ear to the rumours and misleading information because some elements want to ruin them financially, therefore, should focus only on their business.

KARACHI (November 06, 2007): Modest trading was seen on the cotton market on Monday and prices remained range bound as political uncertainty kept both the buyers and sellers in grip of apprehensions, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3075, dealers said.

MULTAN (November 06, 2007): Ginners are feeling unsafe due to growing incidents of robberies, daylight dacoities and deteriorating law and order situation in the country, said Suhail Mehmood Haral, Chairman of PCGA in his statement. He said that ginners have been deprived of Rs 10 million in armed dacoities but law enforcing agencies failed to protect their lives and property as well.

KARACHI (November 05, 2007): Local cotton trading depicted an unknown pattern-both sellers and buyers did their respective jobs honestly,spot rate rose within days by Rs 75 to Rs 3025. Rates in ready to above Rs 3200 and Phutti in Sindh was quoted at Rs 1550 and Rs 1625 and in Punjab at Rs 1600 and Rs 1700 until Wednesday.

KARACHI (November 05, 2007): Practically, one may not find market conditions of a cotton season squarely congruent with the other. Every season gives new experience and even people with life-long experience fail to visualise correct market conditions.

KARACHI (November 03, 2007): Strong mills' demand was again seen in the cotton market on Friday despite the All Pakistan Textile and Mills Association (APTMA) chairman's strategy to stop buying to bring stability in the prices, dealers said. The Karachi Cotton Association (KCA) official spot rate maintained its overnight level at Rs 3050, dealers said.

FAISALABAD (November 03, 2007): Expressing grave concern over shortage of cotton yarn and rise in its price, members and office-bearers of All Pakistan Cotton Powerlooms Association (APCPA) cautioned that if immediate remedial measures to combat the impending crisis in the textile sector were not adopted, more that one million wage-earners would be thrown out of jobs.

KARACHI (November 02, 2007): All Pakistan Textile Manufacturers Association (Aptma) has said there is no chances of shortfall of cotton in Pakistan and other major cotton-producing countries during this year. An important meeting of the Aptma, held on Thursday, discussed the current national and international demand and supply situation of cotton.

MULTAN (November 02, 2007): Federation of Pakistan Chamber of Commerce and Industry (FPCCI) President Tanveer Ahmed Sheikh has said that government should allow the import of cotton from India by road so that millions of rupees could be saved which were being paid to shipping companies.

LAHORE (November 02, 2007): Wild guesses regarding the output of the current cotton crop (2007-08) in Pakistan continue to float in the market with uncommon verve and vigour. Mealy bug, a newcomer to sundry pests and viruses has joined the list of bugs which has been pestering our cotton crop since the last two or three years.

KARACHI (November 02, 2007): Modest trading was seen in the cotton market on Thursday as members of the All Pakistan Textile and Mills Association (APTMA) met to find the ways to solve the hovering crisis for the textile sector, dealers said. The Karachi Cotton Association (KCA) official spot rate maintained its overnight at Rs 3,050, dealers said.

KARACHI (November 01, 2007): Speculative buying was seen at the cotton market on Wednesday as the phutti prices touched the record high at Rs 1700 as mills were ready to grab every single lot at the prevailing rates, which naturally could be a major factor behind the surge in the prices, dealers said.

MULTAN (November 01, 2007): Annual General Meeting of Pakistan Cotton Ginners Association (PCGA) held here on Wednesday under the chairmanship of Suhail Mehmood Haral. Only 10 members attended the meeting. A number of PCGA members bitterly criticised the unfair inclusion of ginneries in Clean Cotton programme and obliging the 'haves" and neglecting the "have nots".




	Prepared by Nadia Tabassum ( Computer Programmer)