Pakistan's cotton import volume did not continue to increase

In September, Pakistan's cotton import volume did not continue to increase as expected, but fell slightly to 41.7kt due to a number of reasons. First of all, a look at the specific US cotton contracts and shipment data could know that the delay in the shipping of US cotton to Pakistan this month had led to a low overall arrival volume, thus it was expected that the arrival volume of Pakistan's imported cotton would rebound significantly next month. At the same time, as US cotton prices moved down in fluctuation recently, a small number of defaults occurred among Pakistan’s cotton buyers. Secondly, the USDA held conservative expectations for the reduction of Pakistani cotton output after the floods, thus the decline in Pakistan’s cotton imports in September reflected the easing of Pakistan's tight cotton supply to a certain extent.