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Import contracts for 500,000 cotton bales finalised July 11, 2021 KARACHI: Pakistan has finalised import contracts of 500,000 cotton bales to reduce gap in demand and supply with prices in the domestic market seen increasing, traders said on Saturday. During the outgoing week, Pakistan remained the top importer with 24,000 bales, according to the United States Department of Agriculture. Cotton prices increased in Brazil, Central Asia and India, it said in a weekly report. During the outgoing week, prices of cotton remained at Rs13,250 to Rs13,350 per maund in Sindh. Seed-cotton was available at Rs5,800 to Rs6,000 per 40-kg in the province. Cotton fetched Rs13,500 to Rs13,800 per maund in the Punjab where seed-cotton was available at Rs6,000 to Rs6,700 per 40-kg, which is a record price during these days. Cotton price in Balochistan remained at Rs13,350 to Rs13,400 per maund.

New yorkUnited statesUnited states department of agricultureNaseem usmanJamshed iqbalIsmail rahuKarachi cotton associationPakistan central cotton committeeKarachi cotton brokers associationUnited states departmentCentral asiaCotton associationCotton brokers association chairman naseem usmanNew york cotton marketProvincial minister ismail rahuPakistan central cotton