WELCOME TO WUXI LONGSHINE TEXTILE CO., LTD.
Pakistani cotton prices firm obviously
You are here: HOME » NEWS » Pakistani cotton prices firm obviously

Pakistani cotton prices firm obviously

Views:0     Author:Site Editor     Publish Time: 2019-11-22      Origin:Site


1. Pakistani cotton prices firm obviously

Since Sep, global cotton prices have diverged evidently, mainly affected by the own supply and demand change, and the most obvious change is the Pakistani cotton.

2. Pakistani cotton output reduces largely
According to Pakistan Cotton Ginners’ Association, by Oct 15, arrivals of new cotton reach 755kt, a fall of 26.5% compared to the corresponding period of last year. Arrivals in Punjab decrease by 34.4% to 348kt, and that in Sindh are down by 18.2% to 406kt. The large fall of arrivals trigger the worries over the cotton supply, and domestic cotton prices shore up.

PCGA revises lower the cotton areas from 2.659 million hectares to 2.513 million hectares, and the areas in Punjab decrease much. Therefore, cotton output is expected to lower to 2.162 million tons, a fall of 5.5% from last estimations, and down by 15.2% from the cotton target.

PCCC 2019/20 cotton areas and output in Pakistan
Regionsareaoutput (kt)
million hectare7/5 target10/11 forecast10/24 forecast
Punjab2.14517341468.81343
Sindh0.64782782782
Khyber Pakhtunkhwa0.010.0348.53.4
Balochistan0.1343434
Total2.8952550.032288.202162.40

The lower cotton output is also affected by the weather.


QUICK LINK

YARN

POLYESTER STAPLE FIBER

LEAVEMASSAGE

COPYRIGHT ©  WUXI LONGSHINE TEXTILE CO., LTD ALL RIGHTS RESERVED