World Cotton

World Cotton in Pakistan 

International Cotton Market Outlook:

Cotton Market Outlook:(Click on Link)

Raw Cotton

Raw Cotton in Pakistan 

Pakistan Raw Cotton Market Report:

Raw Cotton outlook(Click on link)

Current cotton prices

Punjab Cotton Market Updates:

Yesterday 15/1/2014 Punjab cotton market was stable but more trading activities were recorded. Cotton was traded between the price range of 7000-7200 per maund. Phutty was traded at 3500-3800 per maund.

Cotton Price in Pakistan  

Today Karachi Cotton Association Spot Rate:

Today Karachi Cotton Association (KCA) Spot price unchanged at 7000 per maund Ex-Gin.

Cotton Market Price

Sindh Cotton Market:

Similiarly, Sindh cotton market was also stable. Upper Sindh Cotton was traded at price range of 7100-7200 per maund. Phutty was traded at 2800-3050 per maund.In Lower Sindh Cotton was traded at the price range of 5800-6800 per maund while phutty was traded at 2000-2500 per maund. On Tuesday – 14/1/2014 cotton market was closed on Account of Public Holiday.

Sugar Mill in Pakistan 

Karachi Stock Exchange (KSE) Listed Sugar Mills Report:(Click on Link)

Cotton trade in Pakistan

Pakistan Cotton Bales Trade Report: (Click On link)

Cotton on in Pakistan 

Cotton Market Outlook (Click on Link)

Palm oil in Pakistan 

“CPO price in 2014 is expected to trade higher than the average of RM2,371 a tonne. Maintain Overweight,” it said.

The research house said Malaysia’s CPO production was expected to rise slightly in 2014 on yield improvement. It expected better CPO production of 19.4 million to 19.5 million tonnes in 2014 after a weak 2013 CPO production due to weak yield of older palm trees in Sabah.

In 2013, Malaysian Palm Oil Board (MPOB) reported CPO production of 19.2 million tonnes (up 2.3% on-year). Low production in December 2013 was 10.4% lower on-month and 6.4% lower on-year due to higher rainfall.

Cotton market price in Pakistan

 

Cotton Prices In Punjab:

Rayhim yar Khan                                        7225

Main Wali                                                  7200

Yazman                                                    7100

Multan                                                      6900

 Commodity Prices

Stations Commodities Sindh Min. Sindh Max.

Hyderabad, Sindh        Seed Cotton (Phutty)           2800 (40kg.)          3100 (40kg.)
Mirpurkhas, Sindh       Cotton Seed (B Seed)           950 (40kg.)           1000 (40kg.)
Mirpurkhas, Sindh       Cotton Seed Oil (B Oil)         4500 (40kg.)         4600 (40kg.)
Mirpurkhas, Sindh       C S Cake (Khal)                   980 (37kg.)           1010 (37kg.)
Ghotki, Sindh              Rice Basmati                      2000 (40kg.)          2100 (40kg.)
Shahdadkot, Sindh       Rice Irri                             1050 (40kg.)          1150 (40kg.)
Matiari, Sindh              Wheat                               3700 (100kg.)        3800 (100kg.)

Stations

Commodities

Sindh Min

Sindh Max                               Date : 09.Jan.2014

 Ethanol In Pakistan

PSMA hint at delay in curshing season

Sugar industry has hinted at a delay in crushing season in case the government does not make arrangements to procure 0.4 million tons of sugar through Trading Corporation of Pakistan (TCP), sources close to Secretary Industries and Production told Business Recorder. This warning has been issued by Pakistan Sugar Mills Association (PSMA), President Riaz Qadeer Butt as the central organisation of PMSA is almost paralysed after its incumbent Chairman became a resident of the USA.

Most of the recent proposals of sugar industry approved by the Economic Co-ordination Committee (ECC) of the Cabinet originated from the PSMA Punjab.

Sugar industry argues that working paper prepared by the Ministry of Industries for Sugar Advisory Board (SAB) and discussed in the meeting held on May 29, 2013 clearly spelled the need for disposal of surplus stocks. All stakeholders who attended the meeting were of the considered opinion that current stocks would last until first quarter of 2014 which would have serious repercussions on the industry’s capacity to fulfil its financial and other obligations for want of sale of stocks.

The stakeholders suggested that TCP should buy the surplus stocks to build and maintain strategic reserves for market intervention and to ensure uninterrupted supply to Utility Stores Corporation (USC) which cater to the poor segments of society, the sources added.

During the recent meeting of the ECC, 100,000 tons of sugar was allowed for procurement by the TCP and that too in two tranches of 50,000 tons each. Presumably, the decision to buy in small quantities was taken with a view to keeping the domestic price of sugar at a reasonable level.

PMSA Punjab maintains that sugar is in surplus in the country and the industry is constrained to sell below cost, which may result in defaults to banks. The Association has also cited an example of the US Department of Agriculture recently which bought sugar from domestic growers, the government’s first direct intervention in the nation’s sugar market in more than a decade. The USDA paid $43.8 million for the sugar but averted an expected $110 million in forfeitures of sugar price support loans. It then exchanged the sugar with domestic refiners for import credits. The USDA bought 91,238 MT tons of sugar and traded it for import of credit worth 299,153 tons.