Pakistan: import demand remains slow

Buying interest for imported growths has remained flat, with the current higher level of ICE Futures a deterrent to further business. Since local cotton prices have lately been trading at levels equivalent to almost 700/800 ‘off’ December, the domestic crop has remained the cheapest option by some distance. Thus some mills have taken the opportunity of recent rallies in futures to ‘wash out’ earlier contracts still pending execution.
Some retail business in Tanzanian lots available for nearby shipment has been reported at prices in the low to mid 80s cents per lb on a landed basis, while Argentine SLM has been booked in the low 80s cents per lb.

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