Twirp : Terrorist Wahabi Islamic Republic Pakistan

[Naresh]

<b>Indian traders back out deals due to cotton price hike</b>

KARACHI : Indian exporters have terminated export contracts of 4,00,000 bales, which they had finalized earlier with Pakistan, in the wake of substantial increase in cotton price.

Importers told Geo news that the cotton production in the country was seen declining due to curl virus and milibug attacks, which has given rise to the trend of hike in cotton prices.

Pakistani traders had placed import orders of 10,00,000 cotton bales with the Indians at the rate of 68 cents per pound, but the cotton price over there has meanwhile shot up to 74 cents, which in turn has resulted in the Indian traders terminating the Pakistan import orders.

Note : Due Newspaper Holiday (Muharram) hope to post more Good News from Pakistan tomorrow.

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