Pakistan Local Cotton Prices and Market Commentary 20th March 2017

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The Ministry of Textile remained reluctant to allow transforming the Karachi Cotton Exchange (KCE) into the Pakistan Cotton Exchange (PCE) and proposed launching of the Cotton Price Index (CPI), while the start of hedge trading has remained in the cold storage. The matter of proposed launching of the CPI and resumption of hedge trading in Pakistan has been pending since 2010 with the government, senior members of the Karachi Cotton Association (KCA) and former chief of Pakistan Cotton Ginners Association Rana Abdul Sattar and Ghulam Rabbani said.

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