In the past week, domestic sales and export prices of Pakistani cotton yarn have continued to fall. Downstream processing companies have been slow to return to work, and demand is still very weak, which cannot support prices.
That week, Pakistan’s domestic 30-count carded yarn fell by 1.06%. As cloth factories gradually resume work, yarn sales may slowly recover in the future. In addition, a rebound in market activity after Eid al-Fitr (first week of June) may also provide support for prices.
The price of US cotton imported into Pakistan fell, the spot price in Karachi remained unchanged, and the prices of BCI and organic cotton also fell due to the decline in the operating rate of spinning mills.
