Weekly Cotton Review: Prices surge by Rs1000/maund, likely to soar to Rs20,000

Cotton prices in Pakistan have recorded an increase of one thousand rupees per maund, with ginners expressing expectations that rates may soon reach twenty thousand rupees per maund. Despite the price movement, trading volumes remained limited and market activity has yet to fully recover. Polyester fibre prices have also witnessed a significant rise, adding further pressure on the textile industry’s cost structure. The ongoing delay in the merger of the Pakistan Central Cotton Committee and the Pakistan Agricultural Research Council continues to cause serious concern within the cotton industry. Stakeholders warn that the prolonged delay is adversely affecting research and development in the cotton sector. The textile industry has also raised alarm over the alleged misuse of the Export Financing Scheme, demanding immediate investigation by relevant authorities. Experts have emphasized that emergency measures must be taken on a war footing to enhance cotton production across the country.