Pakistan’s cotton yarn export demand increases slightly, but prices remain unchanged
In the past week, Pakistani yarn mills have increased purchases and cotton prices have rebounded. Domestic yarn demand remains sluggish due to many uncertainties caused by the new tax regime.
The Pakistani industry is discussing with the government the implementation of the new tax system and figuring out how textiles will be taxed under the new sales tax. The price of 30-count carded yarn is stable and may start to rise in the next few weeks as buyers replenish their stocks.
Pakistan’s cotton yarn export demand increased slightly, and the price did not change. Domestic cotton prices began to rise sharply. The reason was a sudden increase in demand from spinners. This was not an active replenishment by spinners. , but to avoid being affected by transportation delays during Muslim holidays. Domestic cotton prices are likely to continue to rise in the next few days.
AAA fabric network VBJYTUJGHNH
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