Weekly Cotton Review: Spot prices fall by Rs300/maund amid fresh pressure

Pakistan’s cotton spot benchmark lost Rs300 per maund over the week, ending at Rs18,000, Business Recorder reported. Domestic prices also varied by quality and payment terms, while New York cotton traded between 80 and 86 US cents per pound.

Higher output and weaker crop quality added pressure: production reached 4.1 million bales by October 15, up about 7.5 per cent year on year, according to the Pakistan Cotton Ginners Association. The review also described severe strain across textile and ginning businesses, citing high energy and financing costs, factory closures and job losses. Industry representatives warned that tax raids at ginning sites could prompt wider shutdowns, while stakeholders called for government action to support textile exports and production.