ISLAMABAD: There has been an extraordinary surge in the cotton valuation which has seen a staggering increase from Rs 1,000 per tonne to Rs 21,000 per tonne.
An extraordinary increase of Rs 3,000 per tonne has been documented during the last three weeks, marking a historic jump in cotton valuation.
This upward trend is due to expected reductions in both electricity rates and interest rates, which will lead to an overall increase in commodity valuations.
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Ehsan ul Haq, chairman of the Cotton Gener’s Forum, says world cotton markets are undergoing an unprecedented acceleration, with cotton revenue challenges serving as a key catalyst for this rapid increase.
Expectations are growing about the possible postponement of cotton planting this year due to the continued drop in temperatures.
