The Government Of Pakistan Considers The Control Of Cotton Trade.
Pakistan government must domestic
cotton
Sales control to a certain extent, this is because speculators have been pushing in recent months.
Cotton price
Higher up, that hurts.
textile
Manufacturers, industry officials said on Tuesday.
Jia Wei Bi Wan Ni, chairman of the Coordinating Committee of the Pakistan Textile Association, said traders, builders, brokers and everyone thought cotton trade would rise sharply.
This proves that some people have made quick profits by hoarding cotton, resulting in an artificial shortage of cotton, causing prices to rise.
In the past three months, cotton prices have dropped by 35%, following the downward trend of cotton prices in the international market.
But textile manufacturers remain concerned that if prices begin to rise, manipulation will begin.
Cotton spinning companies are free to buy cotton without controlling the number of spinning companies.
This means that the spinning mill can easily operate all cotton.
Pakistan produces about 12 million bales of cotton a year, with a total demand of 15 million bags.
The shortage is partly offset by imports.
Textile manufacturers complain that yarn manufacturers have a monopoly on their critical raw material supply.
Manufacturers of spinning mills and garments, knitwear, bedding and linen products are in a passive position in the export of yarns, and the earthquake between them has led to doubts about the free market economy.
Under the free market economy, the export of raw cotton can not be impeded.
Bilwani said spinning mills should be allowed to purchase cotton for up to three months' demand.
More than this quantity must be registered so that the government can know the precise market situation.
Textile manufacturers complain that their contracts with international buyers have been fixed, and yarn price fluctuations usually lead to losses.
Barry, former president of the Pakistan knitwear manufacturers association, said large spinning companies could easily get money from banks to buy extra quantities of cotton.
India controls the stability of its textile industry to ensure that cotton and yarn first meet domestic demand.
They used non tax barriers to check yarn accounts.
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