Friday, February 26, 2010
Cotton price reach record Rs5700/maund
1:29 PM | 
Posted by
Unknown
KARACHI: The price of cotton soared to Rs5700 per maund with an addition of Rs100 in the local market, Geo News reported Thursday.The cotton season nears its end in the country; while, its price is making new records.
The per maund cotton price has reached at highest level in international market. Reduction in cotton production in India and export of yarn are the major factors for price hike in local markets.
According to market sources, the local traders are expecting further raise in the cotton prices in view of burgeoning prices of cotton in the international market.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment