In the past week, cotton yarn prices in Pakistan were stable or slightly lower due to reduced demand before the end of the year. As cotton prices rise at home and abroad, the price of cotton yarn in Pakistan has stopped falling.
Due to insufficient downstream demand, short-term Pakistani yarn quotations will continue to be under pressure. At the same time, Pakistan’s cotton prices rebounded, driven by ICE cotton futures. The Karachi spot price index rose by 0.57% in a single week. BCI cotton and organic cotton prices had mixed trends.
Pakistan cotton yarn export quotations fell slightly due to reduced foreign demand during Christmas. However, starting from January 2020, the China-Pakistan Free Trade Agreement will enter the second phase, and Chinese demand is expected to increase.
