Raw Cotton

Raw Cotton in Pakistan 

Pakistan Raw Cotton Market Report:

Raw Cotton outlook(Click on link)

Cotton News in Pakistan 

Cotton Bales Transaction in Sindh & Punjab Stations:

1,200 bales of Sindh stations traded between @Rs.7000 (80.94 c/lbs) to @Rs.7200 (83.26 c/lbs) PMD ex-gin while 6,400 bales of Punjab stations traded between @Rs.6900 (79.79 c/lbs) to @Rs.7250 (83.83 c/lbs) PMD ex-gin. 5,536 bales of Punjab stations sold @Rs.7200 (83.26 c/lbs) to @Rs.7500 (86.72 c/lbs) PMD ex-gin on deferred payment.

Cotton World

International Cotton Market Report: (Click on Link)

Cotton Market Today

Punjab Cotton Market:

Monday 13/1/2014: Punjab cotton market was stable. Cotton was traded in the price range of Rs. 7000-7200 per maund. Phutty was traded at 3000-3500 per maund while on Tuesday 14/1/2014, the  cotton market was closed on Account of Public Holiday.

Raw cotton in Pakistan 

Pakistan Kappas/Row cotton outlook: (Click on link)

Cotton market in Pakistan

Pakistan Cotton Market Report:

Rates depicted firmness as volume of business improved on the cotton market on Friday in the process of trading, dealers said. Market sources said that exporters of ready-made garments hoping for significant increase in exports this year. Cotton analyst said that Pak businessmen were getting positive response there, the yarn prices showed firmness following the Generalized System of Preference (GSP) plus status by the European Union (EU), he added.

Cotton on in Pakistan  

 

Cotton Market Trade Activities in Sindh:

Yesterday 10/1/2014 : The Sindh cotton market was also stable.Upper Sindh cotton was traded in the  price range of 6850-7000 per maund. Phutty was traded at 2800-3000 per maund.Lower Sindh cotton was traded at the price range of 5500-6700 per maund while phutty was traded at 2000-2500 per maund.

Rice export in Pakistan 

Rice Exporters Association of Pakistan (Reap) has pinpointed major factors behind decline in rice exports. Reap Acting Chairman Chaudhry Samiullah told Business Recorder that lack of research and development in extra long grain seed has reduced the rice productivity per acre.

“New varieties always help increase per acre yield and have better ability to protect themselves against different diseases. The new varieties also make farmers prosperous and help earn precious foreign exchange,” he added. He said the volume of Pakistani rice remained stagnant at 6 million tons during last 5 years but the local consumption grew more and hence a small quantity is left for export each year.

“We require advanced research and development (R&D) for higher per acre yield. Super basmati was evolved in 1996 and since then the (R&D) sector has failed to produce any new extra long grain seed,” he said. Comparing Pakistan with competitor India, he said that per acre yield of super basmati fell to 32 maunds from 48 maunds in Pakistan while India evolved seeds that provide over 50 maunds per acre.

Samiullah said other associations have their own training institutes to equip their workforce with latest technologies and standards and are funded by the government, but unfortunately the rice sector has been deprived of any infrastructure and facilities. Reap being second largest export association and second largest forex earner desperately needs government assistance,” he added. Load management by electricity distribution companies is another reason behind reduced milling capacity, ie, 50 percent. Some of our members complain of even 14 hours electricity shutdown in rural areas’ feeders. The milling capacity of rice millers has been halved; hence the availability of export quality rice is a distant dream.

He said load management by SNGPL is resulting in late drying of paddy. Unless paddy is dried, we can’t husk it to convert to rice and therefore rice is not available for export. Decreased supply pushes up the price of the commodity, rendering it uncompetitive, he added. “The paddy is harvested in November and must be dried within days to ensure value addition. But unfortunately the gas supply is completely cut off in November and hence a significant quantity gets damaged and results in loss of foreign exchange,” he said. Samiullah urged the government to take appropriate measures and encourage farmers to adopt latest technologies for production boost.