In the past week, although cotton prices in Pakistan continued to rise, domestic cotton yarn prices began to fall. The price of imported US cotton fell, and the government considered allowing the import of Indian cotton yarn, which caused the price of cotton yarn to stop rising and fall.
Pakistan cotton prices continued to rise that week, with continuous demand from domestic yarn mills. The standard spot price rose to 12,300 rupees/maund, while the price of imported US cotton fell by 2.95 %.
That week, Pakistan’s 20-count carded yarn fell by 1.16%, and BCI cotton yarn and organic cotton yarn fell even more. At the same time, affected by the decline in demand from China, Pakistan’s cotton yarn export quotations did not change. In the future, as yarn inventories in mills decline, Pakistan’s cotton yarn export prices will be supported. However, polyester-cotton yarn and polyester-viscose yarn continue to rise driven by demand from cloth mills. </p
