Cotton prices in Pakistan have risen sharply in recent days, reaching around 17,000 rupees per mound, creating concern within the country’s textile sector. Several factors are contributing to this sudden increase, including global political tensions and supply challenges in the local market.
One of the key reasons behind the price surge is the ongoing geopolitical situation in the Middle East. The tensions involving the United States, Israel, and Iran have created uncertainty in global trade routes and supply chains. Due to this situation, the import of cotton has slowed down or been temporarily suspended, forcing textile mills in Pakistan to rely more heavily on locally available cotton.
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As imports become limited, textile manufacturers have started purchasing larger quantities from domestic markets. This sudden increase in demand has pushed cotton prices upward. At the same time, the availability of high-quality cotton in the local market is also limited, which is adding further pressure on prices.
Another important factor influencing the market is the rise in global oil prices. Oil price increases affect the cost of polyester fiber, which is commonly used as a substitute for cotton in textile production. When polyester becomes more expensive, textile producers often shift back to cotton, increasing demand and raising cotton prices further.
Market analysts believe that cotton prices may continue to climb in the coming weeks. Some experts expect the price to reach 18,000 rupees per mound after Eid, especially if supply remains tight and global tensions continue to affect trade and energy markets.
The situation is being closely monitored by textile industry leaders and traders, as cotton plays a crucial role in Pakistan’s export-driven textile sector.
