Pakistan’s Cotton Exports May Plunge 25% This Year, Group Says
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Cotton exports from Pakistan, world’s fourth-biggest producer, may fall 25 percent this fiscal year because of flooding, according to the Karachi Cotton Brokers’ Association.
The country’s exports declined 22 percent in the first four months of the year that began July 1, compared with the same period a year earlier, as floods destroyed crops, the association said.