Recently, the global cotton market has experienced a sharp upward trend, with prices reaching a 15-year high last week. The surge is largely attributed to severe flooding in Pakistan, one of the worst in 80 years, which has devastated large areas of farmland and crops. This disaster is expected to significantly reduce the country’s cotton production, leading to a potential global supply shortage. In addition, Pakistan is known for producing some of the finest yarn and textiles in the world, and it remains one of the top five cotton importers globally. With its agricultural sector suffering, the country is likely to increase its cotton imports, further driving up global demand. Analysts believe this combination of reduced supply and rising demand will continue to push prices higher. At the New York Mercantile Exchange (ICE), cotton prices closed at 90.1 cents per pound for October delivery, marking a 3.5% weekly increase. Morgan Stanley has also raised its price outlook, suggesting that cotton could see further gains in the coming months as supply constraints persist and demand remains strong. Investors and traders are closely watching the situation, especially as weather patterns and geopolitical factors continue to influence the market.