Pakistani fancy yarn prices continue to rise

In the past week, Pakistan's downstream enterprises have seen strong demand, the domestic yarn inventory is tight, and cotton and yarn prices continue to rise. For this reason, the government is considering liberalizing the import of cotton and cotton yarn from India.　　 During the week, 30 carded yarns in Pakistan rose by 7.41%, and the export quotation remained unchanged. The reason was that the previous increase was too large, which caused European buyers to refuse to accept it. The prices of polyester-cotton yarn and polyester-viscose yarn increased slightly due to the increase in raw material prices.　　 Due to the substantial reduction in domestic cotton production, cotton prices in Pakistan rose to an 11-month high on March 3, reaching 12,000 rupees/maod, a record high. During the week, spot prices in Karachi rose by 4.27%, but imported cotton prices fell by 0.95 cents/lb. This year, Pakistan’s cotton production was only 5.6 million bales, the lowest in 30 years, while domestic consumption was around 15 million bales.　　 At the same time, Indian cotton yarn prices continued to rise, polyester staple prices rose 7.5%, and viscose fiber rose 2.6%. As CCI sells a large amount of inventory, India's domestic cotton prices are expected to rise to a higher level, and the rebound in China's demand for Indian cotton also supports the rise in Indian cotton prices. Article Keywords: 　Pakistan Floral Yarn