Related Keywords: buyers replenish stock, cotton price, influenced by international trend, Pakistan cotton market, textile goods, upward journey, world cotton market
Cotton price in Pakistan market maintained upward journey on Wednesday, influenced with the recent international trend. Brokers said that deals were made at higher rates by up to Rs150 to Rs200 per maund as the world cotton markets moved higher influencing the domestic trading. Buyers rushed to replenish their stocks at higher level, cotton prices rose above the psychological barrier of Rs5,000 per maund because of rise in the dollar’s value against the rupee which has improved export parity of textile goods.
