Pakistan Local Cotton Prices and Market Commentary 23rd November 2017

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Zahid Mazhar Senior Vice Chairman All Pakistan Textile Mills Association (APTMA) has said that failure of cotton yield as anticipated for the third consecutive year has resulted in further increase in the cost of doing business. He said that the spinning sector is the backbone of the textile value chain which bears the brunt of high cost of doing business for the last few years and making it unviable to do business. Presently, the spinning industry is incurring heavy losses by selling yarn below its cost due to poor demand from the domestic consumers, he added.

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