Cotton price rises to new record high

KARACHI: Cotton price rose Rs200 to a fresh peak of Rs12,000 per maund (37.324 kg) in a lacklustre market on Monday as the New York cotton exchange was closed for a public holiday, a dealer said. Though cotton prices fell from a record high of $2.04 to $1.97 per pound in the New York exchange, it did not affect the domestic market. However, the dealer said if the US market falls further, cotton

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