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Cotton prices continue to rise unabatedly

Cotton prices continue to rise unabatedly Business January 17, 2021 KARACHI: Cotton prices found no respite from an unabated spike during the week with the industrial input traded at season’s high rates as its downbeat local production continues to widen demand and supply gap, traders said on Saturday. Traders said cotton was traded at the highest prices of the season during the outgoing week while production is expected at around 6 million bales this year. Price of cotton of Sindh were Rs10,000 to Rs10,700 per maund. Cotton of Punjab was sold at Rs10,200 to Rs11,000 per maund, while lint from Balochistan was sold at Rs10,500 per maund.

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