fbpx
  • About
  • Advertise
  • Contact
Thursday, February 2, 2023
  • Login
WRITE FOR US
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
No Result
View All Result
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
Economy.pk
Home Business

Cotton – Sudden Inflation By Rs11,700

bySidra Butt
February 25, 2021
in Business, Economy, New
Reading Time: 1 min read
0
Cotton Cotton Field.
22
SHARES
914
VIEWS
Share on FacebookShare on Twitter

On Wednesday the Karachi Cotton Association said, An enormous fall in the production of cotton pushed the rates to an 11 year high of Rs 11,700 per maund in the domestic market.

Within 15 days, this surge in the demand in the international market inflated by the US cotton’s price by 12-15 cent per pound. The product imported from Balochistan and Afghanistan is being sold at Rs 13,000 per maund.

RelatedPosts

Railway fares jacked up by eight percent

Annual inflation spiked to a decades-high level of 27.55 per cent in January

Inflation accelerates to 27.6% in January — highest since May 1975

Since the last 10 years, the production of the crop has seen quite a bit of a decline in areas of cultivation and yield. The production fell to $5.617 million bales this year as opposed to 8.547 million recorded in the last year, with a decline of 34.29 percent.

Imports could see a spike as cotton prices could further inflate in the domestic market. With the US cotton rising up, yarn producers might face more difficulties. As US prices inflate by 10 cents per pound pushing the prices from 84 cents to 94 cents per pound.

Tags: CostCottonDollarsDomesticImportsInflationMarketPricesRupessSpinnerUSWoolYarn producers
Sidra Butt

Sidra Butt

Related Posts

Railway fares jacked up by eight percent

Railway fares jacked up by eight percent

Pakistan Railways on Wednesday announced to increase in railway fares following the recent hike in petroleum products across the country....

Annual inflation spiked to a decades-high level of 27.55 per cent in January

Annual inflation spiked to a decades-high level of 27.55 per cent in January

Annual inflation surged to a decades-high level of 27.55 percent in January, up from 24.5 percent in December, as the...

Next Post
Tieing knots

Pakistan to offer $50 Million to Sri Lanka

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Railway fares jacked up by eight percent

Railway fares jacked up by eight percent

Sheikh Rashid arrested by Islamabad police in late-night raid

Sheikh Rashid arrested by Islamabad police in late-night raid

Pakistan Beat Palestine 11-3 in the Final of the West Asia Cup 2023 in Islamabad

Pakistan Beat Palestine 11-3 in the Final of the West Asia Cup 2023 in Islamabad

Prime Minister Shehbaz Sharif to Inaugurate K-3 Nuclear Power Plant Tomorrow

Prime Minister Shehbaz Sharif to Inaugurate K-3 Nuclear Power Plant Tomorrow

'First-ever' women-only pink bus service launched in Karachi

‘First-ever’ women-only pink bus service launched in Karachi

Annual inflation spiked to a decades-high level of 27.55 per cent in January

Annual inflation spiked to a decades-high level of 27.55 per cent in January

Connect with us

Twitter

Economy.pk

Economy.pk touches diverse topics with a lighter note and is geared toward audiences with various interests and all ages. Come and explore Economy.pk. Ample details and analysis are provided in extraordinarily readable manner making them compelling and interesting at the same time.

Category

  • World
  • Politics
  • Business
  • Technology
  • Education
  • Health
  • Life & Style
  • Opinions

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin

Sitelinks

  • Sitemap

Download our APP

download on android app download on apple app
  • About
  • Advertise
  • Contact

© 2023 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

  • VIDEOS
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2023 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

No Result
View All Result

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In