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Indian cotton exports to Pakistan slump amid tensions

Indian cotton exports to Pakistan slump amid tensions

KARACHI, OCT 8  (DNA) – Rising hostilities between India and Pakistan have brought their $822 million-a-year trade in cotton to a juddering halt, as traders who are worried about uncertainty over supplies and driven by patriotism hold off signing new deals. Both countries have seen tensions ratchet up in the past few months over the disputed territory of Kashmir, and traders in both countries said they were watching developments along the de facto border with alarm. Pakistan, the world’s third-largest cotton consumer, usually starts importing from September, but three IndianRead More