In India, prices further rose in the past period, boosted by stronger demand from foreign customers like Pakistan. Domestic mills are also aggressively buying cotton with the end of the crop season now looming. Indian Manufacturers asked their officials to reduce the customs on their imports of cotton.
Demand remained low according to local sources, while yarn makers are increasingly importing cotton from foreign countries.
Orders to India apparently surged after Indian and Pakistani leaders met in the past week with trade relations expected improving in the coming months.
The Turkish cotton prices declined that week, but there is demand recovery for Turkish cottons this week .However, the Indian subcontinent still the key source for the Turkish cottons demands.
Date:1/15/2004
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