Pakistan Is Threatened By Floods; &Nbsp; Cotton Price Rises.

2010/8/13 11:07:00 36

Most of Pakistan and Sindh provinces have been in the past 24 hours.

rainfall

Obviously, the light rain weather is helpful to the growth of new cotton in some areas.

However, some flood threats have not yet been lifted, and cotton growth is still threatened, such as the north of Sindh province, DGKhan and Rajanpur areas in Punjab, and floods in the numerous Muzaffargarh areas of textile factories have not yet receded.

Although the main product of Pakistan

Cotton region

Rainfall has weakened, but flooding has not been lifted in some areas. The extent of damage to cotton can not be estimated and the progress of new cotton picking is affected.

The slow progress of cotton listing and the panic buying of textile mills have led to higher market prices.

On the 10 day, the pickup price of Punjab ginning factory was 7200-7400 rupees /maund, or 102.25-105.00 cents / lb, which was close to the high price in early July.

Sindh province, 6400-6500 rupees, /maund, or 91.00-92.25 cents / pound, rose 200 rupees compared to the previous day.

Pakistan textile factory signed thousands of tons of India Shankar-6, length 29mm cotton, traded 89.50 cents / pound, CFR Karachi main port, and hundreds of tons of cotton and ICE cotton contract in March 2011 rose 950-1000 points, shipment in the first quarter of next year; J-34 cotton price of about 85 cents / pound, Wagah delivery.

The enterprise also signed the purchase part.

West African cotton

It includes 500 tons of Mali JULI/s, the paction price is 89 cents / pound, CFR and some Cote d'Ivoire MANBO/s, 88 cents / pound.

Long staple cotton was also purchased by buyers. The price of long staple cotton in Central Asia was about 125 cents / lb, and some Egyptian Ji Sha 86 was also sold.