Pakistan Seed Cotton Purchase Accelerated &Nbsp; Ginning Factory Unsold Stock More
Pakistan has recently been dominated by low temperature and dry weather.
Cotton grower
Sales willingness was stronger, and seed cotton purchase progress accelerated significantly.
It is estimated that the total output of cotton will be about 1300-1350 bales (221-229.5 million tons).
At present, the large number of unsold stock in the cotton ginning factory is causing pressure on the cotton price.
Punjab high level new flower ginning factory takes about 5100-5400 rupees /maund, which is 70.00-74.00 cents / pound.
Exporters continue a small amount.
Purchase
A few of them are low grade new flowers.
Exit
To India.
Recently, domestic cotton mills' demand for foreign cotton has not improved. Because of the steady price of cotton in India, the textile mills generally hold a wait-and-see attitude to wait for cotton prices to fall.
A small number of new J-34 flowers in India traded at 83.00-84.00 cents / pound, Wagha port; hundreds of tons of MCU-5 traded at 90.00-91.00 cents / pound, CFR, Karachi's main port.
In addition, Pakistan imported a small number of low-grade Pima Cotton (100 cents / pound) and Egypt's 86 (125 cents / pound).
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