cotton price per maund today



Pakistan has received offers and now export of raw cotton has been commenced to Bangladesh, Indonesia and Vietnam, resultantly an increase in price of the commodity. The rate of cotton, Phutti, Banola, Khal and eatable oil reach at Rs 9500 per maund which is highest during the current season. Disclaimer: Cotton price or phutti rate is per mann / maund minimum to maximum provided by relevant departments and Ghalla mandi market.Price may vary city to city. However, they need lint now due to an increase in export orders. Similarly, the rates in Haryana stand at Rs 2,295-2,320 per maund compared with Rs 2,035-2,080 per maund, traders said. The spread between the Mid-South and the Southeast sits at about $25-$30 per ton, and then another $$75-80 … Prices of Cotton have been continuously on the rise as only on 27th of October, prices for Cotton had touched 6,550 per maund hitting its two month highs. The price idea for lint from Nawabshah in Sindh was said to be about Rs 1,950 per maund (37.32 kgs), while the price idea for cotton from Mehrabpur in the Khairpur district was about Rs 2,000 per maund on Thursday. height:auto; Cotton prices currently are ruling at Rs 2,330-2,380 per maund against Rs 2,100-2,140 per maund one month back in Punjab. Head honchos, There's lot more potential in women than what we are witnessing today, Textile industry RECENT PRICE MOVEMENT. The rise in the price of cotton in the country is from Rs 200 to 250 per maund. Get the latest Cotton price (TT:NMX) as well as the latest futures prices and other commodity market news at Nasdaq. width:auto; Cotton prices in Sindh reached to Rs8,550 to Rs8,700 per maund, while prices moved up to Rs8,900 to Rs9,300 in Punjab and Rs8,600 to Rs8,700 in Balochistan. There are reports that Indian cotton is exported in the international market as well. However, production estimates will not be accumulated until monsoon is over. May 2020 - Oct 2020: 0.200 (13.79 %) Chart. The price idea for lint from Nawabshah in Sindh was said to be about Rs 1,950 per maund (37.32 kgs), while the price idea for cotton from Mehrabpur in the Khairpur district was about Rs 2,000 per maund on Thursday. The NY December futures contract climbed from 67 to as high as 72 cents/lb near the end of October. Robert... Sweta Agarwal All international benchmark prices increased over the past month. One maund is equal to 37.324 kg. US-based Retail Ecommerce Ventures (REV) recently announced that a... Manfred Mentges More recently, prices eased back to 70 cents/lb. Cotton Price Definitions . Please fill in your details to download the Table of Contents of this report for free. Nov 27, 10:28 : According to Cotton Association of India, the raw cotton prices have increased to about 25% to Rs 5,000 - 6,000 per quintal in last 2 months. Rain has also affected the quality of lint in the province. through Thursday. However, in a recent report by Pakistan Central Cotton Committee, … In the recent trading sessions, the cotton prices remained firm in Pakistan. 7,000. All international benchmark prices increased over the past month. The rate of cotton, Phutti, Banola, Khal and eatable oil reach at Rs 9500 per maund which is highest during the current season. Naseem Usman, chairman of Karachi Cotton Brokers Association said cotton sowing was not up to the mark due to substandard seeds this season while rain affected the standing crop, especially cotton belt in lower Sindh has been affected. By continuing to browse this site you agree to its, Cotton prices have been stuck to the level of Rs2600 per maund after June 2, and today also the prices are stable at Rs2600, according to Karachi. In ready lint cotton sales reported on … Cotton: Forum urges price to be fixed at Rs3,500 per maund Share Tweet Farmer­s purcha­se all agricu­lture inputs at very high rates, but the end crop is being purcha­sed at very low price. Textiles Average spot price in US cents per Pound for Upland cotton (color 41, leaf 4, staple 34) As of: Wednesday, December 2, 2020 Source: USDA Market News. Since the Cotton Corporation of India (CCI) started auctioning cotton about a month ago it has been able to sell almost 50 lakh bales of 170 kg each and the prices have risen from Rs 36,500 to Rs 38,000 per candy of 356 kg. The prices increased by Rs300 per maund. Stakeholders said prices increased because of short supply due to rain especially in Sindh and an increase in the international market. The premium for Corc North fuzzy truck sits at about $25 over California pima. Meanwhile Lower Rajsthan cotton rates dropped upto Rs 300 per … Recent days have seen Cotton prices escalate sharply. “Due to reports of lower crop in the country, big mills were importing larger volumes of cotton, as they were exempted from import duty.” Prices in the international market also increased. Private sector commercial exporters were looking for better lots for Rs 7,000 to 7,050 per maund. | On 5th Dec 2020. Spot Cotton Rates Drop Across North & Central Indian Mandis, Steady in A.P-Telangana, Karnataka. Though substandard seed issue remained there, crop survived in rain so far. Day on day spot prices lost around US cent 0.5 a pound. All rights reserved by Fibre2Fashion Pvt. Cotton market opened after eid closures and on first day of trading session the price drop sharply by Rs 300 to Rs 6100 per maund, said chairman Cotton Ginners Forum, Ahsanulhaq from Rahim Yar Khan. Spinners are perturbed due to pest attacks on Indian cotton, delay in import permission and poor lint quality. Yarn prices have also shown increase in recent months while the large spinning units are said to be faring much better. Meanwhile Lower Rajsthan cotton rates dropped upto Rs 300 per … ISLAMABAD: Cotton prices in local markets have dropped sharply after announcement from All Pakistan Textile Mills Association (APTMA) that they are closing e-Paper Today's Paper The price idea of ginned cotton from Punjab was said to have ranged from Rs 1,975 to Rs 2000 per maund. float:right; Golfwear and menswear brand Devereux is set for greener pastures. Usman said spinning mills need at least 3.5 to 4 million bales to fulfill their requirements. That was up 29% mo/mo but 1% below 2019. Sedo Treepoint GmbH. Rates per maund bag or KG on daily basis are updated for your better knowledge of market. Farmers prefer to grown cotton because it is considered as cash crop and … Ltd. Cotton prices have been stuck to the level of Rs2600 per maund after June 2, and today also the prices are stable at Rs2600, according to Karachi Cotton Association. Nationwide Daily Cotton Arrivals Rise over 7% to 2.32 Lk Bales on Wednesday . INDA. The local Pakistani markets price of cotton recovered by Rs. The cotton prices remained firm on Karachi cotton exchange on Tuesday, while the market witnessed less activity. Mumbai Commodities Control - Spot cotton rates shed Rs 10-15 per Maund across Punjab, Rajasthan and Haryana mandis. Pakistan: local cotton prices firm 14:30 GMT 11/12/2017 . A maund of Cotton is currently priced at Rs. Cotton price have reached almost four months high level in the third week of November, increasing by 200 per maund. | On 5th Dec 2020. A maund, a unit commonly used for ginned cotton in the country, is equivalent to 37.324 kilograms. RECENT PRICE MOVEMENT. Ahsanulhaq, Chairman, Cotton ginners Forum said that the price of cotton has reached Rs6400 after increase of Rs100 per maund whereas the price of lint cotton also risen. float:none; "Yes, my confidence and positive attitude are my strengths and should be... Robert Brunner Pakistan has received offers and now export of raw cotton has been initiated to Bangladesh, Indonesia and Vietnam, resultantly increasing price of the commodity. FEATURED Cotton news Raw Cotton Prices increased about 25 percent. Ahsanulhaq, Chairman, Cotton ginners Forum said that the price of cotton has reached Rs6400 after increase of Rs100 per maund whereas the price of lint cotton also risen. Zimbabwe's largest daily newspaper. KARACHI: The trend of increasing cotton prices continued unabated on Tuesday, with rates of the commodity soaring to Rs8,100 per maund – the highest for the ongoing season so far. Interactive chart of historical daily cotton prices … prices increased by RS 300 per maund. }. Bearish trend witnessed in the cotton market since last two weeks and on average price of cotton has been declined by Rs 900 per maund, he said. “There is need to import 3 to 3.5 million bales,” he said. Punjab cotton prices current week dropped down to Rs8,000 from Rs850 per maund. Prices in local market­s taperi­ng, intern­ationa­l market­s surge to Rs10,600 per maund at beginn­ing of the week. The Karachi Cotton Association on Thursday fixed the official spot rate, or base price, for Grade 3 cotton at 7,234 rupees per maund (40 kg). Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ... Silvia Venturini Fendi Cotton price have reached almost four months high level in the third week of November, increasing by 200 per maund. Cotton production in largest cotton producer state of the US, Texas, has also been affected while crop is also under threat in Mexico. The daily arrivals have also increased … Cotton prices in 2010-11 touched record level at Rs1,400 per maund, triggered by a surge in crude oil prices which totally upset world economies and resulted in price … Pantone Color of the Year 2021 Webinar | Register Now, Pandemic to put massive downward pressure on wages: ILO, SCA releases sustainability targets to be met by 2030, REV subsidiary buys bankrupt Stein Mart for $6.02 mn, Become a Contributor - Submit Your Article. What was a $25 per ton spread between Lubbock North and Arizona has now widened to a $45 per ton spread. KARACHI: The Karachi Cotton Association fixed the official base price for Grade 3 cotton at 5,251 rupees per maund (40 kg). On this page you can see latest cotton prices / phutti rates in Pakistan today 2020. Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on. @media (max-width:600px){ Today the prices are at the same level without any change, as per We use cookies for better user experience. Nov 27, 10:28 : According to Cotton Association of India, the raw cotton prices have increased to about 25% to Rs 5,000 - 6,000 per quintal in last 2 months. We use cookies for better user experience. Cotton Price Definitions . The cotton price was up after pest attack and high temperatures in the cotton fields which affected the quality of the commodity. This has led to an increase in domestic prices by 5%, said Sharda. Thus, they kept the cotton stocks. Ahsan-ul-Haq, Chairman, Cotton ginners Forum said that the price of cotton has increased by Rs 100 to Rs 6400 per maund whereas the price of lint cotton also risen. At the beginning of this month, Prices were reliable at Rs2425 per maund. in Cotlook Indices, A index was at 56.10 and B Index was at 53.40. Check Also: Today Wheat rate in Pakistan. Cotton Market Fundamentals & Price Outlook November 2020. Cotton prices have been stuck to the level of Rs2600 per maund after June 2, and today also the prices are stable at Rs2600, according to Karachi We use cookies for better user experience. If the cotton demand continues to increase, local lint prices could conceivably rise to Rs 8000 per maund (37.32 Kgs). International market as well increased about 25 percent produces 70 percent of commodity!, local lint prices could conceivably rise to Rs 7000 per maund and implements rates shed Rs 10-15 per (! Buying ; Eyes on Crop Situation can not be sown without tractor and.... Country is from Rs 200 to 250 per maund ( 37.324 kilograms should be... Robert Devereux! This month, prices were down today ( 17 January ) across major origins but were still 11-15 % year! 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