In the past week, the prices of cotton and cotton yarn in Pakistan have continued to fall. The reason is that demand in European countries continues to weaken due to the second outbreak of the epidemic.
Although Pakistan’s cotton production has dropped significantly this year, and as of December 15, the volume of new cotton on the market has decreased by 41% year-on-year, the price of Pakistan’s cotton has fallen by 8.42% in the past four weeks, BCI Cotton prices remain stable, with organic cotton prices rising 4.05% in a single week. The quotation of imported US cotton rebounded to 79.55 cents/pound.
This week, the price of cotton yarn in Pakistan continued to fall, but the decline was smaller than that of cotton. Despite weak textile and apparel orders in Europe, yarn sales in Pakistan have remained high in recent weeks. Yarn export prices fell 1% within a week due to reduced exports to China and Bangladesh. </p
