A record flow of phutti from fields into ginneries gives rise to hopes of harvesting a bumper cotton crop. Analysts believe that the sporadic cultivation of Bt cotton both in Sindh and Punjab has resulted in sudden hike in cotton production. If the pace of current arrivals of phutti is taken into account it would mean that the country may achieve a record cotton production of around 17 million bales this season.

Since the cotton economy had been operating on free market mechanism for over a decade dealers believe that surge in prices was primarily influenced by higher world prices.

Similarly, exporters also purchased huge quantity of cotton during this period strongly indicating that prices lower than world market rates have attracted them to make big profits.