Moderno Fabrics

Cotton prices facing pressure\

Raw cotton prices in Pakistan remain under pressure due to fear of rain damage which may produce water-laden lint due to the continuing rainfall in several parts of the cotton belt. Moreover, global weakness in cotton and yarn prices is also pressuring the cotton prices. Within a week or so, seedcotton (Kapas/Phutti) prices have reportedly declined by about Rs 200 per 40 Kilogrammes. Thus seedcotton prices in Sindh on Thursday were said to have ranged from Rs 1700 to Rs 2200 per 40 Kgs, while in the Punjab they reportedly ranged from Rs 1700 to Rs 2300 per kgs in a quiet market.
http://www.brecorder.com/cotton-a-textiles/625:/1212931:cotton-prices-facing-pressure/?date=2015-07-31

Cotton prices facing pressure | Business Recorder Raw cotton prices in Pakistan remain under pressure due to fear of rain damage which may produce water-laden lint due to the continuing rainfall in se

Cotton hits three-month low on stronger dollar, long liquidation

Benchmark cotton futures on ICE Futures US dropped to a more than three-month low on Thursday as speculators liquidated long positions to square their books ahead of the month's end, and the US dollar rose on expectations of an interest rate hike.
http://www.brecorder.com/cotton-a-textiles/625:/1212759:cotton-hits-three-month-low-on-stronger-dollar-long-liquidation/?date=2015-07-31

Cotton hits three-month low on stronger dollar, long liquidation | Business Recorder Benchmark cotton futures on ICE Futures US dropped to a more than three-month low on Thursday as speculators liquidated long positions to square their

Dar invites APTMA to mull over issues today

The Federal Minister for Finance Ishaq Dar has invited the All Pakistan Textile Mills Association leadership for a meeting in Islamabad on Saturday (today) to mull over the textile industry issues and avert its strike call of August 7. The Association has announced to hold a countrywide strike of textile industry on August 7, to highlight that high cost of doing business has challenged the viability of the textile industry. Chairman of the Association S M Tanveer had announced the strike a day earlier after holding an emergent general body meeting of the Association.
http://www.brecorder.com/cotton-a-textiles/625:/1213035:dar-invites-aptma-to-mull-over-issues-today/?date=2015-08-01

Dar invites APTMA to mull over issues today | Business Recorder The Federal Minister for Finance Ishaq Dar has invited the All Pakistan Textile Mills Association leadership for a meeting in Islamabad on Saturday (t