Cotton yarn registers sudden increase in prices

FAISALABAD: The prices of all the leading cotton yarn count including 28 single count,30 single count, 40 single count, 52 single count and 80 single count, has gone up by Rs 50-60 per single count here on Wednesday in Faisalabad Yarn Market, a leading cotton yarn market of the country.

The market experts said that the sudden jump in the cotton yarn counts was due to the import duty levied by the federal government on the import of yarn from India and other countries.

The dealers of cloth, garment, cotton etc said that with the enhancement of the prices in the cotton yarn in the major counts, the prices of cloth, hosiery, cotton fabrics, garments and other textile goods would also go up.