Monday, January 10, 2011

Cotton for Onion

The Indian side has conveyed to the Pakistani counterparts that it was ready to revisit the cotton export ban and ceiling issues, if the gesture is reciprocated by Pakistan through the removal of the ban on the movement of onion. Link

Decision on onion export ban likely today by Minst. of Commerce.

Pakistan's textile industry has been badly hit by the suspension of cotton exports by India. 

If cotton export from India re-opens for Pakistani buyers then it will be positive for downstream textile makers but at the same time onion price in Pakistani market will increase. India will gain through onion price respite.




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