Textile Fiber Prices Started Decreasing

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Textile fiber prices started seriously decreasing on the three major textile producing countries in Asia like Pakistan , India and Bangladesh. Both cotton and polyester are expected being offered in large quantities while demand is weaker from spinners in line with the slowing down global economy. Prices are more sharply declining in US$ terms, in addition, as Indian and Pakistani currencies are seriously sliding while the yuan is no more rising. Compared with cotton, polyester prices dramatically decreased in India, with a possible shift by spinners from cotton to PSF, as a result

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