An extraordinary surge has been recorded in the valuation of cotton, registering a staggering rise ranging from Rs1,000 per ton reaching the value at Rs21000 per tonne. Over the recent three of weeks, an extraordinary rising of Rs3000 per tonne has been documented, marking a historical spike in cotton valuations. This increasing trend is due to expected reductions in both electricity rates and interest rates, which will lead to an overall increase in commodity valuations. Ehsan ul Haq, Chairman of the Cotton Gener's Forum, says that global cotton markets are undergoing an unprecedented acceleration, with challenges in cotton revenue serving as a pivotal catalyst for this rapid increase. Expectations are mounting concerning a potential deferment in the cultivation of cotton this year, owing to a persistent decline in temperature.

Credit: Independent News Pakistan (INP)