WhatsApp Logo Subscribe
For News Alert

News

Cotton price goes up by Rs1,500

January 4, 2023 03:54 PM


Twitter Share Facebook Share WhatsApp Share

The cotton price on Wednesday went up by Rs1,500 to Rs19,500 per maund, reported 24NewsHD TV channel.

Pakistan Cotton Ginners Forum Chairman Ihsanul Haq has said that after the sharp rise in dollar and thread rate, brisk activity was also witnessed in the cotton market.

He expressed the fear that cotton production during 2022-23 is expected to be 5.5 million bales which are the lowest in country’s history.

He further said the textile mills may import up to 7 million cotton bales this year.

Arrival of 4.631 million cotton bales in ginning factories by December was 37 percent less as compared to the previous year’s, he added.

Reporter: Ashraf Khan



Most Read

  1. Diljit Dosanjh invites Hania Aamir on stage during London concert, sings 'Lover' for her Diljit Dosanjh invites Hania Aamir on stage during London concert, sings 'Lover' for her
  2. Army soldiers guard Islamabad, Lahore sealed ahead of PTI protest Army soldiers guard Islamabad, Lahore sealed ahead of PTI protest
  3. Strong winds, rain lash most parts of Punjab, KP Strong winds, rain lash most parts of Punjab, KP
  4. Two Chinese nationals among three killed in Karachi 'suicide bombing' Two Chinese nationals among three killed in Karachi 'suicide bombing'
  5. Routine traffic on Lahore, Rawalpindi roads as almost all blocked routes reopened Routine traffic on Lahore, Rawalpindi roads as almost all blocked routes reopened
  6. Army colonel among 6 soldiers martyred, 6 terrorists killed in Waziristan clash Army colonel among 6 soldiers martyred, 6 terrorists killed in Waziristan clash