According to statistics from the Pakistan Ginners Association, as of January 31, the cumulative volume of new cotton on the market in Pakistan reached 947,000 tons, a year-on-year decrease of 35%, the lowest level in the past 20 years. <\/p>\n
As of January 31, Pakistan had processed a total of 939,400 tons of new cotton, with a total sales of 870,000 tons, textile mills purchased 858,000 tons, and exported 11,900 tons. The sales inventory was 69,500 tons. <\/p>\n
Due to the sharp decline in cotton production, Pakistan’s supply and demand gap reaches 9 million bales this year, and cotton imports may hit a new high in recent years. <\/p>\n
In the past week, Pakistan’s cotton yarn export prices fell slightly due to a decrease in Chinese purchases, while Pakistan’s domestic cotton yarn prices rose again. <\/p>\n
In the past two weeks, Pakistan\u2019s cotton yarn export quotations have fallen by about 5 cents\/kg. On the contrary, strong demand from the domestic garment industry has caused domestic cotton yarn prices to continue to rise. 30-count carded yarn rose 1.18% that week, and blended yarn prices also continued to rise due to tight supply. <\/p>\n
That week, the spot price in Karachi, Pakistan, was stable at 10,800 rupees\/maund, the spot transaction was sluggish, the high-grade supply was almost exhausted, and the prices of BCI cotton and organic cotton continued to rise. The price of imported US cotton began to fall. <\/p>\n
Although domestic cotton prices in Pakistan are currently stable, cotton yarn prices are still expected to remain strong due to the recovery of textile mill operating rates. <\/p<\/p>\n","protected":false},"excerpt":{"rendered":"
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