Related Keywords: get low price, in international market, lack of quality based pricing system, non practicing cotton st, Pakistan raw cotton, traded at average discount
Pakistani raw cotton is presently being traded at an average discount of 13 cents per pound in the international market due to lack of quality-based pricing system and non practicing of cotton standardization system, according to official sources.
Analysis of the current price differential vis-à-vis international market (Cotlook index A) and Karachi Cotton Association (KCA) shows it is over 16 cents per pound for 13 million bales - total $780 million, hence this price loss would be manifold in value added textile goods, the officials maintained.
