Cotton Prices Soared In Pakistan
As new cotton enters the market, growers and cotton processors are optimistic.
In the week of August 4th -9, the market is still tightly controlled by cotton traders.
On Monday, demand remained high, but the market remained stable.
Cotton mills and textile mills purchase according to the quotations of ginning merchants and growers.
At present, the price of lint is 4250 rupees / maund, and the Karachi Cotton Association's clearing price is 4150 rupees / maund.
On Tuesday, large textile mills and ginning merchants ate all the quality cotton at a high price.
The price is 4250-4300 rupees / maund.
Rudge's spot market cotton price is 4200 rupees / maund, the price is 50 rupees.
High quality cotton is in great demand on Wednesday, and the price is about 4200-4300 rupees / maund.
The spot market price remained at 4200 rupees.
On Thursday, the Karachi Cotton Association said that the spot settlement price was 4250 rupees / maund and a 50 rupee, a record high.
On Friday, spot trading prices remained at 4250 rupees / maund.
On Saturday, Karachi's spot settlement price fell to 4150 rupees / maund, down 100 rupees.
At present, the spot price of the CRAC cotton association remains stable, at 4150 rupees, and the demand for high-quality cotton continues to expand.
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