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Related Keywords: compared to domestic cotton, cost advantage, cotton imports this season, from the U.S. in larger quantities, imported cotton, increasingly prefer to buy cotton, Indian Cotton Federation, slightly lower micronaire, surpass official estimate of 17 lakh bales, Textile mills, trade and industry sources, units could get four to five percent

As textile mills increasingly prefer to buy cotton from the U.S. in larger quantities. According to trade and industry sources, cotton imports this season might surpass the official estimate of 17 lakh bales.

Also, the units could get a 4 to 5% cost advantage, the sources added. Total imports during the last cotton season (2016-2017) were 30.94 lakh bales and the previous year it was 22.79 lakh bales. The total imports this season (October 2017 to September 2018) might cross 20 lakh bales, said Nishanth Asher, a partner with cotton trading firm RS Asher and Company.

Related Keywords: cost advantage, ended on Friday, European consumers, four-day Heimtextil fair, Pakistan exhibitors, Pakistani companies, Pakistani companies took part, received encouraging response, set up by TDAP, stall in the pavilion, still regional rivals edge out, world’s biggest exhibition of home textile

More than 200 Pakistani companies took part in the four-day Heimtextil fair, the world’s biggest exhibition of home textile that ended on Friday. They had put up stall in the pavilion set up by the state owned Trade Development Authority of Pakistan. The Pakistan exhibitors received encouraging response from European consumers, but still regional rivals edge out Pakistani companies in many cases due to cost advantage.