Cotton is a very important raw material of textiles. The name “Cotton” is actually taken from the cotton plant. It is a natural fiber used in the manufacturing of textiles in Asia and even in western Europe.
Cotton prices in Pakistan are changing on a daily basis due to the economic situation. Stay updated with the daily cotton rates at Pricesin.pk
The structure of the cotton fiber is very specific like soft, fluffy staple fiber. It grows in a protective case and is ideal for textile production. The quality of cotton depends upon strength, thinness and length. Pakistan, China, USA, and India are the most important cotton production hubs. In recent times, the constant increase in supply causes a drop in cotton prices every year. The rates drop from 250pkr to 300pkr in recent years at a global level. In Pakistan, prices are increasing due to the economic crisis.
Check Also: Wheat Rates Today In Pakistan
Latest Cotton Prices In Pakistan-
Today 1st July 2024
| CITY/DISTRICT | Min Prices/Rates | Max Prices/Rates | Average Prices/Rates | Updated On |
|---|---|---|---|---|
| PUNJAB | ||||
| Haroonabad | PKR 7,000 | PKR 7,800 | PKR 7,400 | Today 30th June 2024 |
| Hasilpur | PKR 7,500 | PKR 8,000 | PKR 7,750 | Today 30th June 2024 |
| Lodhran | PKR 6,900 | PKR 7,700 | PKR 6,350 | Today 30th June 2024 |
| SINDH | ||||
| Badin | PKR 5,200 | PKR 5,800 | PKR 7,450 | Today 30th June 2024 |
| Daharki | PKR 6,372 | PKR 8,772 | PKR 7,572 | Today 30th June 2024 |
| Digri | PKR 5,500 | PKR 5,800 | PKR 5,650 | Today 30th June 2024 |
| Ghotki | PKR 7,000 | PKR 7,600 | PKR 7,300 | Today 30th June 2024 |
| Hyderabad | PKR 5,000 | PKR 8,200 | PKR 6,650 | Today 30th June 2024 |
| Jhudo | PKR 5,200 | PKR 5,800 | PKR 5,500 | Today 30th June 2024 |
| Kunri | PKR 6,372 | PKR 9,372 | PKR 7,872 | Today 30th June 2024 |
| Mehrabpur | PKR 7,500 | PKR 7,700 | PKR 7,600 | Today 30th June 2024 |
| Naukot | PKR 7,572 | PKR 9,372 | PKR 8,472 | Today 30th June 2024 |
| BALOCHISTAN | ||||
| Kharan | PKR 7,000 | PKR 7,400 | PKR 7,200 | Today 30th June 2024 |
| Khuzdar | PKR 7,500 | PKR 8,400 | PKR 7,975 | Today 30th June 2024 |
| Nal | PKR 7,800 | PKR 8,800 | PKR 8,350 | Today 30th June 2024 |
| Sibi | PKR 7,000 | PKR 7,400 | PKR 7,250 | Today 30th June 2024 |
| Wadh | PKR 8,200 | PKR 8,200 | PKR 7,975 | Today 30th June 2024 |
Popular Cotton Grown in Pakistan
There are various types of cotton seeds and plants grown in Pakistan but farmers have widely adopted Bacillus thuringiensis (Bt) cotton since its first trial in Sindh province in 2002. It is now growing in 95 percent of the major areas.
Cotton Prices or Rates Years (2022-2023)
The cotton prices in Pakistan vary from province to province and district to district all over Pakistan. But the ‘All Pakistan Textile Mill Association (APTMA)’ has asked the government to deliver a minimum support price (MSP) of 8k per 40kg in the year 2022-23.
The cotton rate today is 6.5k to 8.375k per 40kg and vary according to different districts and province in Pakistan.
Cotton is also called a major cash crop of Pakistan and the backbone of the Pakistani economy. It contributes about 0.7 percent to GDP and 3.5 percent of the total value addition aligned with other crops.
The rates are different in different cities such as Lahore, Karachi, Islamabad, Faisalabad, and others.
Cotton Production in Pakistan:
Pakistan has always been rich in producing export-quality ‘Cotton’ and other crops due to its productive and agricultural lands. Over 65 percent of cotton is grown in Punjab because of its dry and hot conditions, and the rest is grown in Sindh, which has a more humid climate.
Cotton crop earns Pakistan’s largest export revenues. In addition, the seed of cotton for oil and meal accounts for 80 percent of the national production of oilseed.
Pakistan is the 6th largest country that is producing cotton in the whole world. It also has the third-largest cotton spinning capacity in Asia after China and India with thousands of spinning and ginning machinery units.
Use or Extraction of Cotton:
First, we need to separate the cotton seed from the cotton plant and then we can extract the fibers from the seeds. These cotton fibers that we get from cotton plants are ultimately converted into threads that are further using in making textile products like sheets, pants and shirts, and others, etc.
For clothing purposes, the seed fibers use as the thread that consists of the purest form of fabric. This pure form use in blended types of fabrics such as linen or viscose. Usually, cotton is considered only for clothing but it is also used in medical products.
Production Forecast
With expectations for a slight increase in area, but stagnant yields for the year 2022-23 production is forecast to reach 6.22 million bales, a 3.7 percent increase over 2021/22. Driven by Pakistan’s value-added cotton textile exports, cotton use is forecast to grow in this year at a modest of around 2 percent.
Give your feedback in the comments on “Cotton Prices In Pakistan 2023” and contact us in case of any updates.
Check Also:
روئی کے ریٹ روزانہ کی بنیاد پر تبدیل ہو رہے ہیں۔ آج کپاس کی قیمت کیا ہے؟