According to Pakistan’s “News” report, the price of Pakistani raw cotton rose to 7,200 rupees per maund (about 82 pounds) (about 85 rupees for 1 U.S. dollar) on Monday, a record high, among which the Karachi Cotton Association’s medium-quality raw cotton The on-site selling price increased by 150 rupees to 7,000 rupees per maund; the seed cotton price increased by 50 rupees to 3,300 rupees per 40 kilograms.
According to reports, the short supply in the domestic market is the main reason for the rise in cotton prices, but the chairman of the Karachi Cotton Brokers Forum said that if the rainy season does not have too much negative impact on cotton production and supply, cotton prices will gradually return to normal.
