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Related Keywords: aims to export textiles and garments, competitors enjoying preferential policies, export market, face of fierce competition, from regional rivals, Increase in wages for workers, logistics costs, putting Vietnam’s local garment exporters, roughly $30 billion this year, under pressure, Vietnam Textile and Apparel Association

Increase in wages for workers and logistics costs, putting Vietnam’s local garment exporters under pressure, particularly in the face of fierce competition from regional rivals like Bangladesh, Myanmar and Cambodia.

Related Keywords: cotton yarn exports, high cotton prices, largest importer of yarn from India, low arrivals, lower demand from China, put pressure on profitability, set to hit spinners, spinners have to cut down on capacity utilisztion, under pressure

Cotton yarn exports are under pressure due to lower demand from China, the largest importer of yarn from India. Moreover high cotton prices due to low arrivals are set to hit spinners.

Jayanta Roy, Senior Vice-President, and Group Head, ICRA, said that the fall in export demand for cotton yarn is a major challenge for spinners as the industry has been exporting a third of yarn produced for the last four years.

Related Keywords: ahead of Eid-ul-Azha holidays, amid strong demand from spinners, cotton bales, Cotton market, Cotton prices remain firm, due to increase in supply of Phutti, keen to replenish their stocks, long-time, official spot rate stayed unchanged, prices halted decline, prices of cotton, seed cotton prices, under pressure

Cotton prices remain firm amid strong demand from spinners, who were keen to replenish their stocks ahead of Eid-ul-Azha holidays at cotton market on Friday, dealers said. The official spot rate stayed unchanged at Rs 5,850. Some brokers said that after a long-time, prices halted decline.

In Sindh, seed cotton prices were at Rs 2800-3050 and in Punjab rates of Phutti were at Rs 2500-2900, as per 40 kg, they said. In ready business, around 15,000 bales of cotton changed hands between Rs 6000 and Rs 6100, dealers said.

Related Keywords: cotton activity, cotton prices, domestic market, ease liquidity crunch, falling trend, ginner off load stocks, KCA, Pakistan cotton market, spot rate, under pressure, world cotton market

Pakistan cotton activity failed to pick up pace as cotton prices came under pressure on Thursday as ginners rushed to off-load their stocks in an attempt to ease their liquidity crunch and the falling trend in the world cotton markets including those of New York and India, is another factor affecting price in the domestic market.

Floor brokers said that from the outset there was selling pressure which pushed premium quality and lower grade cotton prices down between Rs50 and Rs100 per maund on ready deals. Phutti (seed cotton) prices also declined as a result.