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Cotton prices surge, cotton seed witnesses downtrend

20
Sep '08
Except for two products that marked a decline in prices, the average wholesale prices of seven major agricultural commodities in the country, registered an increase that ranged from 4 percent to above 21.5 percent during August 2008.

According to official figures released by the Ministry of Food, Agriculture and Livestock (MINFAL) revealed that prices of seven commodities including lint cotton were on the rising end during August 2008. Seed cotton on the contrary saw prices decline in the same period.

Lint cotton last month was recorded at Rs3,792 per 40 kilogram in Punjab, Rs3,550 per 40 kg in Sindh and Rs 3,800 per 40 kg in NWFP.

Average price of lint cotton in the country was recorded at Rs 3,714 per 40 kg in August while in July it was Rs 3,056 per 40 kg showing a 21.50 percent rise.

However, price of seeds cotton witnessed a downtrend as August saw figures settling at 1,958 per 40 kilogram in Punjab, Rs1,763 per 40 kilogram in Sindh, and Rs1,650 per 40 kilogram in NWFP.

Overall average price of seed cotton in the country was recorded at Rs 1790 per 40 kilogram in August while last month it was Rs1,817 per 40 kilogram showing 1.50 percent decline in one month.


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