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Oil cake market rates
Cotton

Oil cake market rates

The July vaida was up on the forward cottonseed oilcake market on Saturday in the process of trading, dealers said. The July vaida closed at Rs 1849.00 on Thursday and it opened 50 paisa gain at Rs 1849.50, they said. The December vaida ended at Rs 1400.0
Published 31 May, 2015 12:00am
Upward trend on grain market
Cotton

Upward trend on grain market

Most of the commodities maintained an upward trend on the wholesale grain market on Saturday in the process of modest trading, dealers said. On the cereals side, Moong Punjab gained Rs 875 to Rs 10125, Moong Afghan was up by Rs 25 to Rs 12000, wheat new B
Published 31 May, 2015 12:00am
Benin cotton output beats forecast
Cotton

Benin cotton output beats forecast

Cotton output in Benin rose more than expected in the 2014/2015 season, by 28 percent year-on-year to 393,000 tonnes from a forecast 359,000, and is forecast to reach 500,000 tonnes in the next season, the government said. Cotton production, a top export
Published 31 May, 2015 12:00am
Cotton market: prices rise on rising demand
Cotton

Cotton market: prices rise on rising demand

Rates managed to recover modestly on the cotton market on Friday in the process of rising demand by mills and spinners, dealers said. The official spot rate rose by Rs 50 to Rs 5450, dealers said. In the ready session, over 4000 bales changed hands betwee
Published 30 May, 2015 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Thursday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 2.203 billion. The number of lots traded also increased by 20 percent to 11,786 from 9,824. PMEX Commodity Index closed at 2,732. Major business was contributed by crude oil amounting
Published 30 May, 2015 12:00am
Review petition: Nepra reserves judgement
Cotton

Review petition: Nepra reserves judgement

National Electric Power Regulatory Authority (Nepra) on Friday reserved its judgement on a review petition filed by the Ministry of Water and Power aimed at reconsideration of tariff determinations of Discos for 2014-15, a reduction in subsidy and inclusi
Published 30 May, 2015 12:00am
Review petition: Nepra reserves judgement
Cotton

Review petition: Nepra reserves judgement

National Electric Power Regulatory Authority (Nepra) on Friday reserved its judgement on a review petition filed by the Ministry of Water and Power aimed at reconsideration of tariff determinations of Discos for 2014-15, a reduction in subsidy and inclusi
Published 30 May, 2015 12:00am
Review petition: Nepra reserves judgement
Cotton

Review petition: Nepra reserves judgement

National Electric Power Regulatory Authority (Nepra) on Friday reserved its judgement on a review petition filed by the Ministry of Water and Power aimed at reconsideration of tariff determinations of Discos for 2014-15, a reduction in subsidy and inclusi
Published 30 May, 2015 12:00am
Cotton hits near two-week high on strong export sales report
Cotton

Cotton hits near two-week high on strong export sales report

ICE cotton futures rose to their highest level in nearly two weeks on Friday after a US Department of Agriculture (USDA) report showed strong export sales last week, but prices pared gains later in the session. "Now, we're exceeding USDA projections prett
Published 30 May, 2015 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Wednesday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 1.578 billion. The number of lots traded was 9,824. PMEX Commodity Index closed at 2,715. Major business was contributed by crude oil amounting to PKR 1.167 billion followed by gold
Published 29 May, 2015 12:00am
Cotton has largest single-day rise in one month on dollar drop
Cotton

Cotton has largest single-day rise in one month on dollar drop

ICE cotton futures had their largest single-session gains since April 24 on Thursday as the US dollar ended a four-day rally, falling against a basket of currencies and pressuring greenback-traded commodities like cotton. "It's taken a breather," Sharon J
Published 29 May, 2015 12:00am
Cotton prices suffer decline
Cotton

Cotton prices suffer decline

Cotton prices came under pressure this week in the domestic market due to several reasons. Mills are facing slow demand of yarn while cost of doing business has gone up. Particularly, the All Pakistan Textile Mills Association (APTMA) has sent an urgent m
Published 29 May, 2015 12:00am
Prices resist further decline on subdued business
Cotton

Prices resist further decline on subdued business

Rates halted further decline despite falling buying interest by mills and spinners on Thursday, dealers said. The official spot rate was unchanged at Rs 5400, dealers said. In the ready session, only 2000 bales changed hands between Rs 5100-5600, they sai
Published 29 May, 2015 12:00am
Oil cake market rates
Cotton

Oil cake market rates

The July vaida was higher on the forward cottonseed oilcake market on Thursday in the process of trading, dealers said. The July vaida closed at Rs 1849.40 on Wednesday and it opened 40 paisa gain at Rs 1849.80, they said. The December vaida ended at Rs 1
Published 29 May, 2015 12:00am
Rising trend on grain market
Cotton

Rising trend on grain market

An upward trend prevailed on the wholesale grain market on Thursday in the process of modest trading, dealers said. On the grams side, Grams Australia No 1 gained Rs 300 to Rs 7500, Grams Dall Australia rose by Rs 700 to Rs 8000, grams 50x50 picked up 875
Published 29 May, 2015 12:00am
Cotton hits one-month low as index fund roll period looms
Cotton

Cotton hits one-month low as index fund roll period looms

ICE cotton futures fell to their lowest levels in more than a month on Wednesday, as index funds prepared to roll long positions forward from the July to the December contract, resulting in limited buying interest despite delayed plantings. "We're running
Published 28 May, 2015 12:00am
Acceptance of demands: KBP to hold demonstrations in Punjab
Cotton

Acceptance of demands: KBP to hold demonstrations in Punjab

The Kisan Board Pakistan has announced to hold demonstrations in every district headquarter of the Punjab to press the government for acceptance of demands. The board has also cancelled a rally scheduled for May 31 in Lahore, warning, "Now a protest movem
Published 28 May, 2015 12:00am
Government urged to rescind decision
Cotton

Government urged to rescind decision

Pakistan Apparel Forum on Wednesday asked the government to reverse its decision of placing Gas Infrastructure Development Cess to scale down the textiles' growing input cost, fearing the fresh levies would downsize the country's largest exporting sector.
Published 28 May, 2015 12:00am