Pakistan Cotton Prices Fall 31% Textile Companies Benefit

Pakistan's cotton prices fell by 31%, and textile companies benefited.

According to analysts, the fall in cotton prices in the international market has led to a decline in domestic cotton prices in Pakistan.

In the past few months, international cotton prices fell by 34%.

The gross profit of textile industry may be very high in 2009 because of the sharp depreciation of rupee and the decline of cotton prices.

      分析人士說，巴基斯坦紡織工業面對更大的金融挑戰，電力和天然氣短缺，許多小紡織工廠將因此倒閉。此次危機導致本國工廠棉花消費量大幅下降。

Similarly, the global economic slowdown, the international cotton prices also dropped by 34%.

Because of the economic recession around the world, the pressure on cotton export prices will not ease.

A representative of the Pakistan cotton merchants association said that Pakistan trading company acquired processed cotton according to 2900 rupees (36.77 US dollars) -3200 rupee (37.34 kilograms).

As of December 15th, the textile factory bought 9 million bales of cotton, compared with the same period last year, purchasing more than 8 million 500 thousand packages of 500 thousand bales.

In the 2009 fiscal year, the total output of cotton is expected to be 12 million packs, compared to 11 million 500 thousand bales in the previous year.

Editor: vivi