Increased domestic and foreign demand Pakistan cotton yarn prices rise

In the past week, the price of cotton yarn in Pakistan has risen due to increased domestic and foreign demand and rising production costs. The increase in demand at this time is very unusual.　　 Pakistan’s 20 carded yarns rose by 2.27% in a single week. The increase in domestic spot transactions supported the price hike. The same period in previous years was usually in decline.　　 Pakistan's textile and apparel exports in November increased by 7% year-on-year, which also stimulated cotton yarn export prices to rise by 2-3%. In the coming weeks, with the formal implementation of the second phase of the China-Pakistan Free Trade Agreement, Pakistan's yarn exports will further accelerate.　　 In addition, the Pakistan rupee exchange rate has fallen sharply and the power supply of textile mills is sufficient to make exports seize the international market. Pakistan officially announced that imported cotton will be tax-free to provide guarantee for the supply of raw materials for textile mills. Article Keywords: 　Pakistan Cotton Yarn Cotton Export Price China Overseas Textile