Welcome to our latest update on the local cotton market in Pakistan. In this report, we will provide you with a comprehensive overview of the current cotton prices in Sindh, Punjab, and Balochistan.
As a proficient SEO and high-end copywriter, our goal is to deliver valuable and up-to-date information that can help you navigate the cotton market landscape effectively.
Market Situation on Thursday
The local cotton market remained steady on Thursday, with trading volume remaining low. One of the significant reasons for the low trading activity was the occurrence of rains in the cotton-growing areas of Sindh and Punjab.
These weather conditions had an impact on the market, and we will now explore the prevailing prices and trading volumes for different regions.
Cotton Prices in Sindh
According to Cotton Analyst Naseem Usman, the rate of the new crop of cotton in Sindh is currently ranging between Rs 17,800 to Rs 17,900 per maund. Additionally, the rate of Phutti (cottonseed) in Sindh is in the range of Rs 7,200 to Rs 7,800 per 40 kg. These prices play a crucial role in shaping the overall cotton market in the province.
Cotton Prices in Punjab
Moving on to Punjab, the rate of cotton price is currently between Rs 18,200 to Rs 18,300 per maund, with the rate of Phutti ranging from Rs 7,000 to Rs 8,500 per 40 kg. Punjab is a significant cotton-producing region, and its price fluctuations can have a substantial impact on the national cotton market.
Cotton Prices in Balochistan
In Balochistan, the rate of cotton price is relatively stable, ranging from Rs 17,800 to Rs 17,900 per maund, similar to the prices observed in Sindh. The rate of Phutti in Balochistan falls within the range of Rs 7,200 to Rs 7,800 per 40 kg. The cotton market in Balochistan is an essential part of the national cotton landscape.
Recent Trading Activities
Despite the low trading volume, some transactions took place on Thursday. Around 400 bales of cotton from Shahdad Pur, 200 bales from Nawab Shah, and 600 bales from Gojra were sold at rates of Rs 17,800 per maund and Rs 17,900 per maund, respectively. Additionally, 200 bales of cotton from Kacha Kho were sold at a slightly higher rate of Rs 18,100 per maund.
Spot Rate and Other Market Indicators
The Spot Rate for cotton remained unchanged at Rs 17,935 per maund. Moreover, it is worth noting that Polyester Fiber, an alternative material in the textile industry, is currently available at Rs 345 per kg.
Factors Affecting Cotton Prices in Pakistan
The cotton price in Pakistan today is subject to various influencing factors, ranging from local conditions to global market dynamics. Some of the significant factors impacting cotton prices in Pakistan are:
1. Global Demand and Supply
The global demand for cotton plays a crucial role in determining its price in Pakistan. As a major cotton exporter, Pakistan's cotton prices are significantly influenced by international demand and supply trends. Fluctuations in demand from major textile-producing countries can lead to price variations in the domestic market.
2. Weather Conditions
Weather conditions, including rainfall, temperature, and humidity, directly affect cotton production. Adverse weather events like floods or droughts can lead to reduced cotton yields, thereby affecting its price. Furthermore, weather conditions in other cotton-producing nations can also influence global cotton prices and subsequently impact Pakistan's market.
3. Government Policies
Government policies and regulations regarding cotton production, trade, and subsidies can significantly impact cotton prices in Pakistan. Supportive policies may stabilize prices and promote cotton cultivation, while sudden policy changes can cause price fluctuations.
4. Pest and Disease Outbreaks
Cotton crops are susceptible to various pests and diseases, such as bollworms and cotton leaf curl virus. Pest outbreaks can devastate cotton crops, leading to reduced supply and higher prices.
Cotton Price in Pakistan Today
Here's an overview of the cotton prices in Pakistan for 2023 per 40 kg in different provinces:
Cotton Price/Rate in Punjab Province:
| District / City | Minimum Rate (PKR) | Maximum Rate (PKR) | Average Rate (PKR) |
|---|---|---|---|
| Haroonabad | 8,063 | 9,149 | 8,606 |
| Hasilpur | 8,063 | 8,963 | 8,513 |
| Lodhran | 7,063 | 8,463 | 7,763 |
Cotton Price/Rate in Balochistan Province:
| District / City | Minimum Rate (PKR) | Maximum Rate (PKR) | Average Rate (PKR) |
|---|---|---|---|
| Kharan | 10,072 | 10,172 | 10,122 |
| Khuzdar | 8,372 | 9,272 | 8,822 |
| Nal | 9,002 | 9,572 | 9,287 |
| Sibi | 9,422 | 9,572 | 9,497 |
| Wadh | 9,372 | 8,672 | 9,022 |
Cotton Price/Rate in Sindh Province:
| District / City | Minimum Rate (PKR) | Maximum Rate (PKR) | Average Rate (PKR) |
|---|---|---|---|
| Tando Allahyar | 7,400 | 9,472 | 7,522 |
| Shahpur Chakar | 7,400 | 9,572 | 7,772 |
| Shikarpur | 7,400 | 8,772 | 7,572 |
| Jhudo | 7,572 | 9,372 | 8,472 |
| Badin | 7,000 | 8,872 | 7,872 |
| Ghotki | 6,372 | 8,772 | 7,572 |
| Salehput | 7,000 | 8,572 | 7,732 |
| Naukot | 7,572 | 9,372 | 8,472 |
| Umarkot | 7,400 | 9,372 | 7,872 |
| Mehrabpur | 7,000 | 8,872 | 7,872 |
| Qazi Ahmed | 6,872 | 9,572 | 8,222 |
| Daharki | 6,372 | 8,772 | 7,572 |
| Ranipur | 6,892 | 8,572 | 7,732 |
| Digri | 6,772 | 9,672 | 8,222 |
| Khuzdar | 8,372 | 9,272 | 8,822 |
| Hyderabad | 7,972 | 9,272 | 8,622 |
| Nawab Shah | 5,972 | 9,572 | 7,772 |
The local cotton market in Pakistan is currently experiencing stability in prices, despite the influence of weather conditions on trading volume. Sindh, Punjab, and Balochistan are the major cotton-producing regions in the country, and their respective prices play a crucial role in shaping the overall cotton market landscape.
As a proficient SEO and high-end copywriter, we aim to keep you informed with the latest updates on the cotton market, empowering you to make well-informed decisions in this dynamic industry.
For the most accurate and up-to-date information, we recommend staying vigilant about market developments and regularly referring to reliable sources for further insights.
