Pakistan: Weak demand in Europe, the price of yarn continues to fall

In the past week, the prices of cotton and cotton yarn in Pakistan have continued to fall due to the continued weakening of demand in European countries affected by the second outbreak of the epidemic.　　 Although Pakistan’s cotton production has dropped sharply this year, and the number of new cotton marketed as of November 15 has decreased by 41% year-on-year, the price of Pakistani cotton has fallen by 8.42% in the past four weeks. The price of BCI cotton has remained stable, and the price of organic cotton has risen by 4.05% in a week. The quotation of imported US cotton rebounded to 79.55 cents/lb.　　 This week, the price of cotton yarn in Pakistan continued to fall, but the decline was smaller than that of cotton. Although European textile and apparel orders are weak, Pakistani yarn sales have remained high in recent weeks. Yarn export prices fell by 1% per month within a week due to reduced exports to China and Bangladesh. Article Keywords: 　Pakistan Yarn Cotton Yarn Yarn Price Overseas Textile