Raw cotton exports increase by 152.33% in two months fetching $8.229 mn

[Bilal Raza]

Raw cotton exports increase by 152.33% in two months fetching $8.229 million.

ISLAMABAD (APP) – The exports of raw cotton from the country during first two months of current financial year witnessed about 152.33% increase as compared the corresponding period of last year.

During the period from July-August, 2019 about 5,337 metric tons of raw cotton valuing $8.229 million exported as compared the exports of 2,240 metric tons worth of $3.289 million of same period of last year.

However, exports of cotton yarn decreased by 7.76% as 81,897 metric tons of cotton yarn costing $206.757 million exported in last two months as against the exports of 80,262 metric tons valuing $224.149 million of same period of last year.

Raw cotton exports increase by 152.33% in two months fetching $8.229 mn

Raw cotton exports increase by 152.33% in two months fetching $8.229 million.

dunyanews.tv

 

[Taimur.javed]

Not a good sign if u ask me. Exporting raw cotton fetches u little compared to exporting thread. Exporting thread gets u very little compared to selling fabric. Selling garments is the real value product. Nothing to be proud of if u ask me.

 

[miafridi]

There should be increase in the high value products instead of increase in RAW materials. Hopefully we will be able to build and industry to make use of this and earn more with it.

 

[zaheer2003]

Not a good sign if u ask me. Exporting raw cotton fetches u little compared to exporting thread. Exporting thread gets u very little compared to selling fabric. Selling garments is the real value product. Nothing to be proud of if u ask me.

https://twitter.com/x/status/1179072915565875201

 

[zaheer2003]

There should be increase in the high value products instead of increase in RAW materials. Hopefully we will be able to build and industry to make use of this and earn more with it.

https://twitter.com/x/status/1179072915565875201

 

[MainBaghiHon]

Not a good sign if u ask me. Exporting raw cotton fetches u little compared to exporting thread. Exporting thread gets u very little compared to selling fabric. Selling garments is the real value product. Nothing to be proud of if u ask me.

Finish Goods bring more stability rather then raw materials and this also allows other countries to be your competitor as well.
I would say stop export of raw material to other country and let them into the position to compromise prices of finished goods to their importers.