Cotton price in Sindh reaches 11-year high

KARACHI (PEN) – Cotton price in Sindh in last couple of days has risen by Rs200 per 40kg taking the price to the commodity 14300 rupees.

According to details, cotton price in Punjab is up by Rs200 to Rs300 per 40 kg taking it to around Rs14500.

According to experts, the massive increase in the price is due to rupee depreciation, rising export orders and higher price of imported cotton.

However, cotton production is likely to reach around 10 million bales due to better weather conditions this season.