Cotton stocks at ‘lowest ebb’ ahead of ginning season

LAHORE: The cotton sector is facing an unprecedented supply crisis as stocks in the country have reportedly fallen below 10,000 bales before the start of the new ginning season, raising fears that some textile mills may partially shut down in the coming weeks due to cotton shortages. It is perhaps the first time in the country’s history that cotton inventories had dropped to such critically low levels ahead of the new crop season. The closure of the Pak­istan-Afghanistan border earlier prevent...