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Pakistan Ministry of Textile Industry has estimated a loss of Rs 22 billion to cotton growers during 2015-16, due to lack of quality-based pricing system and non-practicing of the cotton standardization system. According to the ministry officials, APTMA is the single buyer and acts as a cartel, which accounts for growers unable to get their due price.
Pakistani raw cotton is being traded at an average discount of 7 cents per pound in the international market.
