Market Report- Pakistan 11 Nov 2024

Pakistan Local Cotton Market: (Local cotton market activity remained slow as firm prices persisted despite declining quality, with many buyers securing imported cotton. International cotton prices hit a two-month low amid U.S. election impacts and a strong dollar, further pressuring the local market. Cotton arrivals in Pakistan dropped sharply year-over-year, while lower crude oil prices...

Market Report- Pakistan 23 Oct 2024

Pakistan Local Cotton Market: (The local cotton market saw mixed trends, with increased Phutti supply lowering prices and boosting business volumes. Mills favored domestic cotton over imports due to lower prices compared with international prices, but around $2.5 billion worth of cotton and yarn imports will still be needed. Internationally, cotton prices fell due to...

Market Report- Pakistan 30 Sep 2024

Pakistan Local Cotton Market: (The local cotton market saw increased activity due to improved supply and quality, while spinners benefited from the EFS system for imports. However, Pakistan’s cotton industry faces significant challenges, including a shortfall of four million bales and reliance on imports. Globally, cotton prices remain under pressure despite crop concerns, as weak...

Market Report- Pakistan 16 Sep 2024

Pakistan Local Cotton Market: (The local cotton market remains firm due to supply disruptions from heavy rains and international price trends. Pakistan’s spinners are increasingly turning to imports to meet demand, while global markets are influenced by lower production forecasts and support from rising crude oil prices. Although demand remains sluggish, a weaker dollar and...

Market Report- Pakistan 9 Sep 2024

Pakistan Local Cotton Market: (Pakistan’s cotton production has plummeted by up to 60%, causing the textile industry to rely heavily on imports amid weak global demand and lower international prices. Adverse weather, pest attacks, and reduced acreage have severely impacted both the quantity and quality of local cotton. This crisis, combined with sluggish international demand,...