Heavy rains and floods will cause cotton prices to rise sharply in Pakistan

Due to concerns that flooding in northern Pakistan, which has not been seen in 80 years, will have an impact on Pakistan’s cotton production, the price of cotton yarn in Pakistan rose sharply in the last two weeks.
It is too early to determine the extent to which cotton quality and yields have been affected by the floods, but there is an impact. In addition, the sectarian violence that occurred in Karachi not only affected the city itself, but even the political foundation of the entire country of Pakistan was shaken. As a financial and futures trading center, Karachi plays a decisive role in cotton trading.
Currently, the country of Pakistan is suffering from multiple sufferings. 152 passengers and crew were killed in the crash; more than 1,500 people died in the floods and 3 million people were made homeless; more than 100 people died in Karachi riots, while the city’s economy was deeply hit; the anti-terrorism force with outstanding achievements The commander of the border guard was killed in a suicide bombing, which made the whole situation worse.
A sharp rise in cotton prices is almost a foregone conclusion.