In the past week, yarn production has increased after Pakistani cotton mills resumed work, and cotton and yarn prices fell. At present, the government allows yarn mills to start production, but it is difficult for downstream companies to start operations. Yarn transactions are very sluggish, and sellers are under great pressure to lower their quotations.
That week, the export quotation of 30-count carded yarn fell by 4.58%, and fell by 12.28% within one month. The spot price of cotton in Karachi fell, foreign demand for BCI and organic cotton fell sharply, and prices also fell.
