Industry in pakistan
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Cotton prices may fall further if electric and gas supply is not restored for the textile sector
PAKISTAN, 2012/12/25 Due to periodic disruptions of electricity and gas supply throughout Punjab, textile mills have deferred procurement of cotton lint from ginning factories, which observers say may lead to a fall in cotton prices. Market sources said there are worries about a slowdown in the textile production process, a fall in cotton exports and the resulting redundancy of tens of thousands of workers. These are coupled with fears of the crisis spreading to cotton ginners and farmers.
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