Thursday, 8 September 2011

Brisk buying activities lift cotton prices up

KARACHI: Brisk buying activities witnessed at Pakistan cotton market which pushed cotton prices up on Wednesday.


The Karachi Cotton Association (KCA) official spot rate increased by Rs 200 to Rs 6,500 on, dealers said.


In international market, New York cotton increased by 4 cents per lb traded at 110.34 cents per lb on Wednesday as compared to 106.34 cents per lb on Tuesday. This resulted because of recovery in global commodities and markets which pushed up the prices in the international market.


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