Cotton hits 15-year high

Cotton prices soars to its 15-year high as rates in the international market. Per maund prices of cotton has been risen over $1 in New York markets. Owing to flooding in Pakistan, an increase has been seen in the prices of cotton, rice, sugar and other commodities in the international markets. Cotton prices per maund has been risen from 88 to 90 cents in early September. Hike is prices may have been caused by limits of 550,0000 maunds export by India.