Cotton Imports Will Continue To Be Active In Pakistan.

Recently, in order to protect domestic cotton demand, Pakistan's cabinet Economic Coordination Committee (ECC) has approved the abolition of import duties and sales tax of cotton between February 1st and June 30th this year. Despite the recent rise in the price of new cotton, the purchase of imported cotton is still more active in Pakistan. At present, the import of cotton in Pakistan is still dominated by American cotton, among which the green card cotton and Recaps mixed bags are the main ones, and the Karachi port / Kunming Xingang sea freight rate is 75-78 cents / pound. Second, India cotton is also popular due to recent price cuts. It is reported that there are thousands of tons of medium grade (length 36) India cotton, and the shipping price is 79-80 cents / pound. In addition, a small amount of Brazil cotton is also included. Recently, the purchase of high count yarn spinning enterprises is prudent, and a small number of Egypt's Ji Sha 94 has been heard. The shipping price is 108.5-109.5 cents / pound.
Pakistan's domestic cotton prices remain stable, and the higher grade cotton pick up price is 8500-8900 rupees / Moore. But the overall turnover is relatively light, only a small number of textile enterprises to purchase a small amount of replenishment.