Two major causes of Pakistan's cotton prices hit a record high
The price of raw cotton in Pakistan has continued to soar by Rs 1000 to a value of Rs 10,500 per Mongd (approximately 37.4 kg) (1 U.S. Rs. 85), setting a record high again.
Analysts believe that the main reasons for the record high prices of raw cotton in Papua include: First, the international market continues to rise; second, Pakistani textile consultant Mirza. Ikteha. Mirza Ikhtiar Baig recently told the media that if the Indian businessman defaulted on not providing Pakistan with the scheduled 1 million bales of cotton, he himself had no response.
Analysts believe that the main reasons for the record high prices of raw cotton in Papua include: First, the international market continues to rise; second, Pakistani textile consultant Mirza. Ikteha. Mirza Ikhtiar Baig recently told the media that if the Indian businessman defaulted on not providing Pakistan with the scheduled 1 million bales of cotton, he himself had no response.
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