Weekly Cotton Review: Market maintains overall price stability

The domestic cotton market maintained overall price stability this week, with the spot rate holding firm at Rs 17,800 per maund and trading volume showing improvement, even as futures prices on the New York cotton exchange fluctuated and a deepening crisis among ginning factories cast a shadow over the sector. According to Musaib Adil, the persistent instability in cotton pricing has discouraged ginners from purchasing seed cotton (phutti), forcing several ginning factories to operate only partially while a considerable number have shut down entirely. Industry observers say the situation could worsen unless prices stabilize further and demand from ginners picks up.