Cotton price soars to Rs7,200 per maund

The cotton prices reached at its all time high in countrys history, i.e Rs 7,200 per maund. Increase demand in the local cotton market has resulted in increase of cotton prices. The cotton price soared to Rs7,200 per maund with an increase of Rs150 in the local market. According to sources, the cotton price is constantly soaring, and added that the industry is facing shortage of cotton