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Daily worldwide cotton market report
16 Jun '09
3 min read
Cotton yarn export prices are currently rising in Pakistan, as a result of stronger demand from the Far East. Relatively lower yarn prices are also attracting orders from India, our Pakistan Correspondent reports. With cotton prices currently falling in the country, spinners should get better margins.
US retail sales ceased declining in May, according to Thursday released official data. Consumers are still attracted by lower prices with discounters reporting higher revenues. Consumer confidence is sharply rising as first signs emerge of a possible recovery later this year.
US retail sales ceased declining in May, according to Thursday released official data. Consumers are still attracted by lower prices with discounters reporting higher revenues. Consumer confidence is sharply rising as first signs emerge of a possible recovery later this year.
Ghulam Rabbani & Co.
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