Growers await support price amid new cotton arrivals
Business
May 23, 2021
KARACHI: Partial trading started at the local market with the arrival of new cottonseed after long Eid holidays; however growers are still waiting for the support price, traders said.
Ginners were seen purchasing cottonseed at the rate of Rs5,000 to Rs5,500 per 40-kg, marking the beginning of new cotton season. Usually, cotton season starts in July in Pakistan and ends in June.
Besides, some deals of new cotton were also witnessed. One such deal of Sindh cotton was recorded in Burewala at Rs12,500 per maund, whose delivery would be given between June 10 to 20. Similarly, a deal of 600 bales of Tando Adam and a deal of 200 bales of Sanghar were finanlised at Rs12,200 per maund with delivery from June 10 to 20.
Growers await support price amid new cotton arrivals
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Growers await support price amid new cotton arrivals
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.