Pakistan’s cotton stocks decrease, cotton prices rise to new high
According to foreign reports, due to rising domestic demand, domestic high-grade cotton stocks have declined. On December 29, Pakistan’s domestic cotton price rose to an annual high of 7,800 rupees/maund. Despite this, there are still large orders for domestic spot goods.
It is reported that last week, after consultations between the Karachi Cotton Association and the Ginners Association, they decided to increase the spot market standard price by 100 rupees to 7,100 rupees/maund. Pakistan’s cotton stocks decrease, cotton prices rise to new highs
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