Cotton export prices slashed - Pakistan
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Influenced by any further fall in the rupee, Pakistan cotton yarn exports falling prices in dollar terms, imported cotton prices rebounded to support domestic cotton prices.
Nearly a week, affected by export demand, Pakistan cotton yarn export prices, Chinese buyers demand is insufficient, the yarn China main port CNF extremely low levels, the rupee fell to exporters slashed $offer, 30, combed yarn weekly fall 6 cents, or 2.
Pakistan's domestic cotton price stability, clinch a deal is still light.
Textiles in the next few weeks after the new tax system transition, domestic demand will be obvious recovery, but on July 1st, the new cotton export prices 10% sales tax.
Influenced by weak demand, Indian cotton prices continue to fall, nearly four weeks has fallen sharply.
India's domestic cotton prices did not change at the same time, the cotton mill profits decline.
The week domestic 100% pure cotton combed knitting yarn fell 2%, nearly fallen around 4.
100% pure polyester yarn nearly fallen around 11.
Cotton and chemical fiber prices did not change, cotton mill profits continue to decline.