Related Keywords: cotton prices falling petroleum price, energy and gas, falling lint price, fiber consumer, Karachi Cotton Association, major world markets, man-made fibre, Pakistan cotton market, polyester yarn
The slow moving demand and falling lint prices in major world markets has lead to further drop in cotton prices on Monday in Pakistan cotton market. Moreover, the falling petroleum prices are attracting fibre consumers to go for polyester yarn and other man-made fibres which are also affecting cotton prices.
The cotton economy is presently in great distress because on the one hand, reduced lint prices are hurting growers and, on the other end, the textile industry is facing shortage of energy and gas.
