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RedditStable trend was witnessed on the cotton market on Tuesday in process of modest trading, dealers said.
Official spot rate was unchanged at Rs 6,200, they added.
Prices of seedcotton in Sindh were at Rs 2000-2300, in the Punjab at Rs 2100-2800, they said.
In ready business, 5000 bales of cotton changed hands between Rs 4700-7000, they said.Market sources said that some needy mills were in the arena to meet the immediate needs and other buyers were attracted by the falling trend in the overseas market.
They also said that despite the decline in the NY cotton futures, some mills made forward buying, instead of waiting for more slide in the prices.According to the market sources, the NY cotton futures finished down and at a 3-1/2 month low, falling for the fourth straight session on speculative sales, with the trade awaiting release of a government crop report later in the week.
July cotton on the ICE Futures US exchange dropped 1.32 cents, or 1.5 percent, to settle at 86.67 cents per lb, trading from 86.10 to 88.42 cents.It was the lowest close for the second-position cotton contract since late December 2011, according to Thomson Reuters data.
New-crop December lost 1.07 cents to end at 84.73 cents after ranging from 84.26 to 86 cents.
The following deals were reported: 400 bales of cotton from Shahdadpur (Low quality) sold at Rs 4700, 200 bales from Ghotki at Rs 6600, 400 bales of cotton from Layyah at Rs 6250, 400 bales of cotton from Sadiqabad at Rs 6500, same figure from Faqir Wali at the same level and 3000 bales of cotton from Mian Wali (on credit) at Rs 7000.
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- Wolrd COTTON PRODUCTION 2012-2013
3:48 pm
Dear Sir,
I was awarded a postdoctoral scholarship.I would familiarize myself with various aspects of cotton breeding and genetics. I have an earnest desire to work in your laboratory under your able guidance keeping in view of the expertise available with you.
I shall be very grateful if you could kindly respond favorably in this regard.
With best regards.
Ahmed M. Abd El-Baky
3:49 pm
Dear Sir,
I was looking for a postdoctoral scholarship. I would familiarize myself with various aspects of cotton breeding and genetics. I have an earnest desire to work in your laboratory under your able guidance keeping in view of the expertise available with you.
I shall be very grateful if you could kindly respond favorably in this regard.
With best regards.
Ahmed M. Abd El-Baky
7:58 pm
Thanks for the post, just a note, the new version coimng early next week increases the distance from 1.6 km (1 mile) to 16 km (10miles).Also, the link to the website in your article is broken.