Share:The cotton prices have gone past the historic mark and have reached Rs15,000 per maund on Friday which the ginners association attribute to hiked demand and falling production. The increased price is due to little crop compared to the demands, association chairman Ihsan ul Haq said. Late last month, it was reported that the cotton prices increased by Rs700 per maund in Pakistan. According to the Chairman Pakistan cotton ginners association, the prices of cotton are increasing in the international market. In the last two days, the cotton prices have increased by six cents per pound in the United States.

Source: The Nation October 08, 2021 09:22 UTC