News & Events

Cotton prices climb higher due to tight supplies

Following delayed arrivals of seedcotton (Kapas/Phutti) from the current crop (August 2013 - July 2014) due to continuing rains and floods and higher advice's from the New York cotton futures market (ICE), domestic lint prices have reportedly risen by Rs 100 to Rs 150 per maund (37.32 Kgs) within a week. Fears of decreased global production of cotton and increased buying by China following its augmented cotton purchase programme have also increased global cotton prices.

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