KARACHI: The price of cotton soared to Rs5000 per maund with an addition of Rs200 within a week in the local market, Geo News reported Saturday.

The cotton season nears its end in the country; while, its price is making new records.

According to market sources, the local traders are expecting further raise in the cotton prices in view of burgeoning prices of cotton in the international market.

The cotton price surged to 75 cents per pound with an addition of 9 cents within a week.

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