Pakistan Local Cotton Prices and Market Commentary 7th September 2017

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Frenzied buying was witnessed on the cotton market on Wednesday following reports that the New York cotton market scrambled to a new seasonal high in the aftermath of Hurricane Harvey. The forecast of another hurricane, Irma, hitting the state of Florida has further caused panic, pushing up New York cotton market above US75 cents per lb. The current season started at US67 cents per lb.

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