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Traders content over sky-rocketing cotton prices
19 May '08
1 min read
Growing demand in the international market and tight supply in the domestic region is marked as one of the reasons for rise in cotton prices.
Although this situation is quite painful for the manufacturers, who are paying a huge amount for purchasing these raw materials, cotton traders are delighted with this rise.
Since April 25, till date cotton prices are soaring at a high speed. Experts expect a bullish market trend in the coming days. New cotton arrival has increased the expectation of the traders and is considered as one of the reasons for hike in future contracts.
According to Karachi Cotton Association, cotton price today stands at Rs3,475 per mound.
For complete quotation click here
Although this situation is quite painful for the manufacturers, who are paying a huge amount for purchasing these raw materials, cotton traders are delighted with this rise.
Since April 25, till date cotton prices are soaring at a high speed. Experts expect a bullish market trend in the coming days. New cotton arrival has increased the expectation of the traders and is considered as one of the reasons for hike in future contracts.
According to Karachi Cotton Association, cotton price today stands at Rs3,475 per mound.
For complete quotation click here
Karachi Cotton Association
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