Cotton prices in Pakistan are affected by the shipment of Indian cotton through Wagah-Lahore border. As a result local growers are not getting rates on cotton.
The shipment of Indian cotton from the road route was fast and a cheaper option for spinners. But these shipments are affecting rates of local cotton. Cotton in Pakistan is attacked by pest and it might cause the supply of seed cotton into ginneries to fall down soon.
Cultivation would not cross 75-80 percent of last year in parts of Punjab including Multan, Khanewal and Vehari.
Government has not revised the support price of lint from Rs2269 to approximate Rs2400 per maund.
Every day last week about 100,000 bales changed hands as millers are now buying in full swing.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
