ISLAMABAD (APP) - Cotton prices on Tuesday set another record of Rs4,800 per maund across the country in early trading, a private TV channel reported. Quoting senior cotton traders, the channel reported that the high-quality cotton prices have further increased by Rs100 to Rs4,800 per maund. Deals of some 1,200 bales of Rahim Yar Khan and upper Sindh have finalised at the rate of Rs4,800 per maund, said an office-bearer of Pakistan Cotton Ginners Association (PCGA) Punjab Circle. Cotton prices seem to march towards Rs5,000 per maund level, said a leading Karachi-based cotton exporter. He said the cotton is in great demand these days as the textile sector and the exporters are aggressively squaring their positions from an upcoming inflationary pressure. The cotton production statistics released by PCGA Tuesday shows around 0.7 million cotton bales have so far been exported this season. The non-stop international export orders have forced us to hedge positions amid the current price rally, said another exporter.