Cotton prices reach Rs. 7000 per maund

Recent days have seen Cotton prices escalate sharply.

Prices of Cotton have been continuously on the rise as only on 27^th of October, prices for Cotton had touched 6,550 per maund hitting its two month highs.

Cotton price have reached almost four months high level in the third week of November, increasing by 200 per maund. A maund of Cotton is currently priced at Rs. 7,000.  

Experts have given various reasons for this surprise surge in the prices; imminent rupee devaluation, lack of quality cotton and lower than expected output. However, in a recent report by Pakistan Central Cotton Committee, the estimated production has seen no change since August, 2017.

According to the Committee Report, cotton picking has been terminated in Southern districts of Sindh. Whereas the situation is different in upper Sindh and are continuing to harvest third and fourth picking.

Some experts have claimed that despite the claims, the production has fell short of the expected amount.