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Cotton price blossoms by Rs1,000 per 40kg

By News Desk

January 25, 2024 03:45 PM


Cotton price blossoms by Rs1,000 per 40kg

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The price of cotton has increased to Rs21,000 per maund after an increase of Rs1,000 as brisk business was seen in local market, reported 24NewsHD TV channel.

Cotton Geners Forum Chairman Ehsanul Haque said on Thursday that a record boom is being seen in the international cotton markets.

He said in the last three weeks, the price of cotton per maund has increased by a record of Rs3,000.

Due to the expected reduction in electricity prices and interest rates, the prices are seeing an increase, he added.

A record boom is being seen in the international cotton markets, Chairman Ehsanul Haq said.

He said difficulties in cotton imports are also a major reason for the boom.

There is a fear of delay in cotton cultivation this year due to continuous decrease in temperature, Cotton Genres Forum said.

Reporter: Ashraf Khan


News Desk


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