KARACHI: Raw cotton prices will continue to tumble due to the recent 5 percent tax on cottonseed cake and non-procurement of the produce by the Trading Corporation of Pakistan (TCP).
Sources told Customs Today that the raw cotton prices were all-time low and a record decrease is likely to be witnessed in the cultivation of fresh cotton crop. Sources said that a further decrease in the prices is expected if the TCP did not start procurement of raw cotton soon.
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