In the local cotton market, the price of cotton remained steady and the business volume is relatively low. However, there is an increase shown in the prices compared to the previous month of December.

In the local cotton market, the price of cotton remained stable due to low purchases by textile mills during the last week however there was witnessed stability in the rates of quality cotton.

The local cotton market remained bearish and the trading volume was low. There is a slight increase in prices compared to the previous month of October, as Karachi Cotton Association closed the spot rate by 60.76 $ per maund on 14th Nov 2023.

The local cotton market on Monday remained steady and trading volume was low.There is a major decrease in prices as Karachi Cotton Association closed the spot rate by USD 58.16$ per maund on 17th Oct 2023.

In the local cotton market trading volume remained stable and satisfactory. The Karachi Cotton Association closed the spot rate by USD 64.90$ per maund on 21th Sep 2023.

In the local cotton market trading volume remained firm and excellent. The Karachi Cotton Association closed the spot rate by USD 61.02$ per maund on 17th August 2023.

Trading volume remained satisfactory in the local cotton market. The Karachi Cotton Association closed spot rate by USD 62.33$ per maund on 11th july 2023.

The local cotton market remained bearish and the trading volume remained low. The Karachi Cotton Association closed spot rate by USD 71.36$ per maund on 16th june 2023.

The rate of cotton remained stable but Business volume; however, remained low. The Karachi Cotton Association closed spot rate by USD 70.24$ per maund on 16th May 2023. Moreover, according to the information received from the cotton producing areas, currently the cotton sowing is said to be satisfactory. Hopefully, if the weather conditions remained favourable, the cotton production is expected to increase.

The rate of cotton remained stable amid improved business activities, though there was fluctuation in international cotton markets. The Karachi Cotton Association closed spot rate by USD 67.54$ per maund on 10 April 2023.

The local cotton market remained bearish and the trading volume remained low. The Karachi Cotton Association closed spot rate by USD 70.21$ per maund on 16th March 2023. There is a major detoration particularly in international cotton market resulted in a decline in cotton prices locally. Spinners are buying cotton very cautiously due to the upheaval in the textile sector while ginners are interested in selling.

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In the domestic cotton market, prices were overall stable and business volume remained good. The Karachi Cotton Association closed spot rate by USD 82.50 $ per maund on 15th Feb 2023.Demand and price of cotton yarn has started to improve to some extent. After the talks with the IMF, the value of the US dollar has started to fall, due to which cotton prices have started to decline in the last two days.

Bullish trend prevailing in the local cotton market and the trading volume remain satisfactory, as the new year approaches, market condition begins to improve. The Karachi Cotton Association closed spot rate by USD 85.53$ per maund on 11th Jan 2023. There is an improvement seen after textile and spinning mills began purchasing again.

In this year, after massive floods, the cotton crop output is expected to be around 6.5 million bales, whereas the demand is around 11 million bales, which means 5.5 million bales needs to be imported out of which 4.8 million bales contracts have already been signed. Currently, cotton rates being up and down between USD 75.64$ to USD 79.64$ per maund.

Matrix is constantly striving to participate in activities that promote global sustainability. We as a member of Better Cotton believes it is the common obligation for all associates of the organization to contribute in the transformation of better cotton farming.

Bullish trend prevailed in local cotton market under the influence of international cotton market. As the Karachi Cotton Association increased the spot rate by USD 0.90$ on 5th Nov per maund and closed it at USD 75.48$ per maund. The local cotton market remained bullish and the trading volume remained very low.

Unprecedented decrease was seen in the rate of cotton in local and international markets, as the Karachi Cotton Association decreased the spot rate by USD 23.91$ per maund from 13-sep to 12-oct and closed it at USD 84.14$ per maund. The decline in cotton arrival is attributed to the flash floods in Pakistan, which devastated large swathes of agricultural land in the country. The local cotton market on remained steady and the trading volume remained low.

A significant increase of USD 11.66$ per maund was witnessed in the cotton spot rate. Pakistan Textile Exporters Association (PTEA) has asked for immediate lifting of ban on import as 2.5 million bales of cotton are urgently required for the textile export industry. Delay in cotton import can pose risk to timely deliver the export orders.

The Flood caused by the monsoon rains of 2022 have affected major areas of Pakistan which include, Balochistan, Sindh, Gligit-Baltistan, Punjab, Azad Jammu Kashmir, and Khyber Pakhtunkhwa (KPK).

There is a major increase amid bullish trend in the cotton market. The rate of cotton drastically increased by USD 28.03$ per maund. The reason behind the major fluctuation in rate are due to torrential rains and flash floods, which are damaging the cotton crops.

The Pakistan cotton crop is expected to effect due to heavy rains. A bearish trend continued in cotton market. The rate of cotton affected by rain reached at the lowest level of USD 66.84$ to USD 69.23$ per maund.

A bearish trend was reported in the rate of cotton in international market. There is a gradual increase in the arrival of new crop of seed cotton.

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