Pakistan Asks India To Fulfil 1 Million Bales Of Cotton Export Contracts

2010/12/28 15:48:00 45

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Today, Pakistan textile factory asks India to fulfill its supply of 1 million bales of cotton to its neighbouring country and abide by the contracted contract, because Pakistan is facing a crisis of cotton supply.

The Pakistan Textile Mills Association (APTMA) also suggested that the India government should cancel the 5 million 500 thousand cotton (170 kilograms) restriction on the export of cotton this year (October -9).

Shahzad Ali Khan, vice president of the Pakistan Textile Mills Association (APTMA), said: "we hope India will fulfil its commitments. Pakistan's spinning industry has signed 1 million bales of cotton with India. However, the India government suddenly announced new restrictions on export policy, so India only performed 10% of the contract. "

The permitted export time in India is from November 1st to December 15th, but during this period, India only Exit 3 million bales of cotton.

Khan said Pakistan is the fourth largest cotton growing country in the world, but due to floods, it lost about 2 million 500 thousand bales of cotton this year. Its domestic consumption is about 15 million packs, with a shortfall of about 4 million packs. He said India should export excess cotton.

India is the second largest in the world. Cotton production The country consumes about 2600-2700 bales a year and produces about 35 million bags a year. Khan said that India has surplus cotton and exports are not difficult. India should lift the policy of restricting exports.

To ensure adequate cotton supply for domestic textile manufacturers, the India government set the export line for this year to 5 million 500 thousand packs. However, cotton exporters only exported about half of their export time window on -12 15 November 1st.

India government says India in recent months Cotton price Skyrocketing by 89%, although it is expected that 2010-11 years of production will reach a bumper harvest of 32 million 500 thousand packs, compared to around 26 million 600 thousand packages.