Management Report October-December 2024
Rising costs, shifting global trade dynamics, and declining cotton productivity are putting pressure on Pakistan’s textile sector. While exports show resilience, new challenges—ranging from gas price hikes to increasing regional competition—demand strategic action. Strengthening trade ties, improving efficiency, and navigating policy shifts will be key to staying ahead. How will Pakistan adapt to these changes? Let’s explore.
Local Market Trends
Cotton prices in Pakistan’s local market remained relatively stable over the past month. However, concerns are growing over a significant decline in cotton production. As of December 31, Pakistan’s cotton output stood at 5.45 million bales, marking a 33% drop from the 8.17 million bales produced during the same period last year. This sharp decline has driven textile spinners to secure high-quality cotton, even amid a bearish international market. Experts warn that such a steep reduction in production poses a serious threat to Pakistan’s economy. International Market
International Market Update
New York cotton futures are currently trading between $0.67 and $0.69 per pound. Looking ahead, projections indicate that international cotton futures will range between $0.67 and $0.71 per pound over the next year.
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