Pakistan : Cotton prices continue its upward journey

Manufacturers are having a hard time since the beginning of this New Year. Cotton prices are still showing an oscillating trend. According to Karachi Cotton Association (KCA), rates of cotton have rendered a further growing tendency.
Cotton prices on January 5, stood at Rs3,125 per maund, where as today the same reached Rs3,150 per mound.
Such day to day fluctuations are creating confusion in the market and taking its toll on the manufacturers. The unstable trend in the international markets seems to be affecting the domestic scenario.