In the past week, cotton and yarn prices in Pakistan have remained strong. As the Chinese Spring Festival approaches, foreign demand has begun to decline.
Driven by the rise in ICE cotton futures before the signing of the China-U.S. agreement, Pakistani cotton prices strengthened. Although spot transactions continued to decrease, standard grade spot prices rose by 1.12% in a single week. , BCI and organic cotton rose 0.90% and 1.83%.
Pakistan cotton prices will remain strong due to tight domestic cotton supply. The government’s recent removal of cotton import tariffs may have a certain impact on the country.
Cotton yarn prices remain relatively stable, while combed yarn prices rise slightly due to restrictions on Indian yarn imports. Pakistan’s cotton yarn export quotations have not changed, and China’s demand is sluggish due to the Spring Festival holiday.
