Pakistan cotton prices in local markets market analysis
Pakistan cotton prices the local market fell 31 percent, which will be conducive to the development of the textile industry. According to analysts, said the international market from falling commodity prices led to Pakistan’s domestic market prices of cotton.
In recent months, international cotton prices have dropped 34%. At the same time, the international economic downturn and recession, Pakistan textile products is expected to reduce demand, domestic commodity prices will inevitably lead to further decline. Analysts believe that the 2009 fiscal year, due to the substantial depreciation of the rupee, cotton prices fell, the total profits of the textile industry is likely to increase.