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Pakistan cotton yarn export prices remained stable Textile information - Textile net - Textile integrated service provider
In the latest week, Pakistan cotton yarn prices recovered slightly, consistent with the trend of cotton prices. Due to the heavy rain led to sharp reduction of the crop, cotton imports reached very high levels. 30's, combed yarn prices back up to a month ago, liberating the first two weeks. Government sales tax cause market conflict, domestic yarn clinch a deal. Although Chinese import demand less, but Pakistan cotton yarn export prices remained stable. At present, the Pakistan cotton prices continue to rise, the reason is that domestic market of the crop generally pessimistic. According to cotton ginning mill, due to the heavy rainfall brings great damage to the crop, the crop as of October 1, a market down 27% year on year, mills began to actively import cotton, cotton procurement increased significantly in recent weeks to Brazil.