Views:3 Author:Site Editor Publish Time: 2019-11-22 Origin:Site
Global cotton market is still oversupplied, but since Sep, the global cotton prices have diverged obviously. For Pakistani spot cotton index, G3 1-1/16, prices have risen from Rs. 8,000 to 9,200 per maund, an increase of 15%, which is mainly attributed to the tight supply caused by sharp reduction of cotton output. In short, the condition may continue and Pakistani cotton prices may remain firm.