According to a recent report by Pakistan’s “Business Record”, due to the decline in cotton production in major cotton-producing countries such as China, India, and the United States, cotton yarn is very tight in the world market, which brings opportunities for Pakistan’s cotton yarn exports. Pakistani cotton yarn exporters have signed export orders of US$250-300 million in the past few weeks.
Due to the growth in export orders, the price of Pakistani cotton yarn has also continued to rise, rising 35% in the past three months, reaching 840 rupees/bundle (about 10 US dollars/bundle). It is reported that China is the largest importer of cotton yarn, 60-70% of Pakistan’s cotton yarn is exported to China, and Bangladesh is the second largest importer of Pakistan’s cotton yarn.
