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The Pakistan Cotton Ginners Association (PCGA) has projected a concerning 60% drop in cotton output, raising fears of potential disruptions for both industrial and agricultural sectors. The expected production stands at around 6 million bales, with an estimated additional 6 million bales set to be imported.
Despite previous market fluctuations, cotton prices have now stabilized. The improved supply and quality of cotton have sparked greater demand from textile mills, boosting buying activity.
Khuram Mukhtar, Patron-in-Chief of the Exporters Association of Pakistan, highlighted a positive development for the textile sector, noting a 15% growth in textile exports and an increase in business volume.
