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Why Pakistan is missing its cotton bale targets?

Textile mills less interested in cotton buying amid lockdown fear

Textile mills less interested in cotton buying amid lockdown fear Business April 25, 2021 KARACHI: Lack of interest among buyers remained persistent in the local cotton market during the outgoing week, but some lots of quality lint were sold, which caused the spot rate to rise by Rs500 per maund. Traders said ginners were left with hardly 65,000 bales, which they were selling slowly and gradually in the market, as textile mills were less interested in buying due to cotton yarn prices. Cotton prices in Sindh remained at Rs10,200 per maund to Rs10,600 per maund. Rates in Punjab varied between Rs10,800 per maund to Rs11,500 per maund.

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