Weekly Cotton Review: Market witnesses sharp price surge

Pakistan’s cotton market is currently experiencing a sharp upward pressure on prices, influenced by fluctuations in quality standards and prevailing payment conditions. Market experts warn that available cotton stocks have reached critically low levels, creating a severe imbalance between supply and demand that continues to destabilise the market. Forward trading activity for the new crop has begun to gain momentum, with partial deals for early-arriving cotton now being finalized. The forward contract price for deliveries scheduled between May 20 and May 30 has been settled at Rs. 21,750 per maund, while seed cotton is trading at Rs. 10,000 per forty kilograms.