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Several Pakistani cotton ginning factories shut down after the federal budget kept an 18% sales tax on cottonseed and oil cake. The Karachi spot cotton rate fell Rs 4,000 to Rs 17,500 per maund, and Punjab prices dropped Rs 5,000.
The tax keeps Pakistani cottonseed meal uncompetitive and reduces crushing, which lowers local oil cake supply and pressures domestic meal prices.
dawn.comAmjad MahmoodJul 3, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
