Cotton Farmers In Pakistan Are Not Optimistic About Cotton Prices.
Because of the global economic recession and the crisis faced by cotton suppliers in the harvest stage, cotton has declined.
Due to the global liquidity conflict, cotton prices, especially in the local market in Pakistan, fell from around 4000-4200 rupees / Mende to 3475 rupees / Mende.
Ghulam Rabbani, President of the Karachi Cotton Association, said that the world's largest cotton supplier (India, China, the United States and Pakistan) is in the harvest stage. The quality of cotton is excellent and excellent, and the supply will increase in the near future. Most of the liquidity problems discussed in the world are basic problems, which cut the price of cotton. Liquidity conflict is one of the biggest problems of cotton devaluation in Pakistan. Cotton farmers now have to deal with these problems, because most of them rely on bank loans.
The federal government of Pakistan has increased the allocation of loans in the agricultural sector, which has allocated about 300 billion rupees through the state bank, providing subsidies of about 26 billion rupees to DAP and urea.
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