Cotton prices in Pakistan continued their upward trend, with rates increasing by Rs500 per maund, adding to concerns among textile manufacturers and traders over rising raw material costs.

According to Chairman of the Exchange Ginners Forum (EGF), Ehsan-ul-Haq, cotton prices in Punjab have climbed to Rs19,300 per maund, while prices in Sindh have reached Rs18,400 per maund.

He said the market remains volatile and further fluctuations in cotton prices cannot be ruled out in the coming weeks. The latest increase reflects changing supply and demand conditions as well as uncertainty in the domestic cotton market.

Industry experts believe higher cotton prices could increase production costs for Pakistan's textile sector, which relies heavily on locally produced cotton. If the upward trend continues, manufacturers may face additional pressure, particularly as they compete in export markets.

Traders are also closely monitoring the arrival of the new cotton crop, as better-than-expected production could help stabilize prices. However, weather conditions, crop quality, and overall market demand will play a key role in determining future price movements.

Pakistan's textile industry remains one of the country's largest export sectors, making cotton prices a critical factor for manufacturers, exporters, and farmers alike. Stable cotton supplies are considered essential for maintaining production and supporting export growth.

Market participants expect cotton prices to remain sensitive to domestic crop conditions and international market trends. Investors and traders are therefore watching developments closely to assess whether the recent increase marks the beginning of a longer upward trend or only a temporary market adjustment.