Cotton prices witness surge, courtesy international market

LAHORE: After a hiatus of nearly two months, cotton prices in the country have witnessed a significant upswing, accompanied by a renewed purchasing interest from textile mills.

This development has brought relief to cotton ginners are grappling with a prolonged period of low demand and declining prices.

The recent slump in local cotton prices was primarily due to record imports of sales tax-free cotton, cotton yarn and grey cloth under the Export Facilitation Scheme (EFS). This influx...