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Pakistan's new 2024-25 cotton crop has started trading in Sindh at Rs 21,000-21,500 per maund, with Punjab quoting higher at Rs 22,000. Punjab's cotton sowing has finished short of target, with officials estimating 3.4-3.5 million acres against a 4.15 million acre target.
A sowing shortfall of about 19% against target tightens the expected cotton supply for Pakistan's mills, which may support local prices and raise import needs, with limited direct impact on feed commodities.
textalks.comTEXtalksMay 31, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
