Weekly Cotton Review: Spot rate up Rs100 amid sharp drop in trading volume

Quality cotton prices have maintained stability while the spot rate has recorded an increase of one hundred rupees. However, a significant decline has been observed in trading volume, which is having negative impacts on the overall performance of the industry. The textile and cotton industry is currently facing the worst economic crisis in the country’s history. Ehsan-ul-Haq, Chairman of the Ginners Forum, expressed concern over this situation and stated that the industry is going through an extremely difficult period and immediate measures are urgently needed. The ongoing transport strike across the country has severely affected the textile sector along with other industries. Serious obstacles are being created in the transportation of raw materials and the delivery of finished products, which has slowed down the production process.