Pakistan Local Cotton Prices and Market Commentary 3rd December 2019

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How ironic it is that a country whose economy's mainstay is agriculture is going to witness a whopping shortfall of cotton bales. According to a Business Recorder news item, the government has stated that there would be a shortfall of 7 million bales of cotton as total production is now estimated at 8 million bales against the requirement of 15 million bales, which may have a negative impact on textile exports.

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