Low demand and plunging lint prices in the global market has resulted in further fall of cotton prices in Pakistan cotton market. Additionally, the decreasing petroleum prices are luring fibre consumers to go for polyester yarn and other man-made fibres which are also affecting the cotton prices. The Karachi Cotton Association (KCA) decreased its spot rates by Rs. 50 to Rs 4,950 per maund. According to Shakeel Ahmad a fibre analyst, the Pakistan textile sector is facing dearth of fine grades. The recent weather in cotton growing belt in Punjab would be suitable for standing crop, but shortage of energy to textile sector is still causing danger to the cotton growers’ selling volumes.
