The Market Price Of Cotton And Cotton Yarn Will Remain High In The Next Quarter.
According to the Pakistan business record July 4th, Pakistan's textile is known by information sources.
Ministry of industry
It is proposed to extend the 15% adjustment tax on cotton yarn exports for 2 months to September 27th, which was originally due in July 26, 2010, to facilitate the smooth acquisition of raw materials from the high value-added textile sector in the context of rising global cotton and cotton yarn prices.
BA
Spinning industry
People are deeply disturbed by this, saying that the extension of the policy may make the spinning industry go on the road of no return.
The textile industry believes that due to the snowstorm this year, China's cotton production will continue to be high. The price of the world's cotton and cotton yarn will remain high in the first quarter. It is suggested that policymakers and textile related departments and people should formulate a joint strategy as soon as possible to avoid the continuous crisis.
Analysts believe that the most effective way is to add high value to the government.
Spin
The Department has financial support to offset the impact of domestic and foreign high cotton yarn prices.
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