Exports of cotton from Pakistan have started as the country has signed export contracts for 20 thousand bales of cotton with different countries.
Pakistan Cotton Ginners Forum Chairman Ihsanul Haq said that cotton exports from Pakistan have been started, initially, more than 3,000 bales of cotton were sent to Bangladesh, Indonesia and Vietnam.
The chairman said that the export contracts for 20 thousand bales of cotton have been finalized by Pakistan with other countries of the world.
He said that the exporters are also facing problems in the quality of cotton due to heavy rains & floods. The price of cotton in Pakistan is Rs22 to 23 thousand per maund.
Ihsanul Haq said the main reason behind the hike in the local white lint rate is that cotton production in the United States has declined.
