In the past week, cotton prices in Pakistan have fallen sharply. The textile market has been greatly affected by the European blockade, but cotton yarn prices have not fallen.
That week, Pakistan’s domestic yarn cooled down, the early sales boom subsided, and the export quotation remained unchanged. The reason was insufficient foreign demand after Europe’s renewed blockade. The export price of gray fabrics began to fall, and export demand began to decline.
Pakistan’s domestic spot prices followed the decline of ICE cotton futures. The Karachi spot price index fell by 3.96% in a single week. The price of US cotton imported into Pakistan fell to 77 cents/pound in one week. A decrease of 3.75%. </p
