Rising petroleum prices in the world market have increased prices of imported polyester yarn by 50 per cent during the current fiscal year. Reuters/File
KARACHI: Rising petroleum prices in the world market have increased prices of imported polyester yarn by 50 per cent during the current fiscal year.
Talking to
Dawn on Saturday, exporters and importers said that along with higher polyester yarn prices, an increase in shipping charges – by four times – is hitting their viability.
Imported polyester yarn is used in the valued-added textile sector on a large scale to produce silk-finished fabrics. Polyester yarn is also produced in the country, but the quantity is not sufficient to meet the demand.
The sudden rise in demand in the intentional market increased the US cotton price by 12-15 cents per pound within fifteen days. AFP/File
KARACHI: Massive fall in cotton production pushed spot rates to an 11-year high of Rs11,700 per maund in the domestic market, the Karachi Cotton Association said on Wednesday.
The sudden rise in demand in the intentional market increased the US cotton price by 12-15 cents per pound within fifteen days.
Brokers said cotton from Balochistan as well as bales imported from Afghanistan are being sold at Rs13,000 per maund.
Over the last ten years, the cotton crop has seen a sharp decline in production, yield and area of cultivation.