Lint prices fall by Rs 1000 per maund

Seedcotton prices which had gone up by about Rs 600 per 40 kg since the beginning of this month have fallen by nearly Rs 300 per 40 kg. Similarly, lint prices which had achieved the historic high level of about Rs 11,000 per maund (37.32 kgs) have fallen by about Rs 1,000 per maund.Sindh cotton prices which had reached historically high range between Rs 10,700 to Rs 10,800 per maund have fallen to range from Rs 9,500 to Rs 10,000 per maund. In the Punjab lint prices which had earlier touched the record range of Rs 10,900 to Rs 11,000 per maund also ranged lower from Rs 9,500 to Rs 10,000 per maund on Tuesday. Ready sale of cotton till Thursday evening comprised of 1,000 bales from Shahdadpur in Sindh at Rs 9,500 to Rs 10,000 per maund (37.32 Kgs), 600 bales from Sanghar at Rs 9,700 per maund while 800 bales from Tando Adam were said to have been sold at Rs 9,800 to Rs 10,000 per maund. In the Punjab, 1,000 bales from Bahawalnagar reportedly sold at Rs 9,500 per maund while 1,000 bales from Burewalla were said to have been sold from Rs 9,500 to Rs 9,700 per maund.