Pakistan'S Textile Department Asks The Government To Ban The Export Of Cotton.
Pakistan's added value textile department suggested that the government should buy cotton from the United States except for the immediate ban on cotton exports. Luis Anna S, Arkansas, Mississippi and Missouri of the United States all had cotton bumper harvest.
This is necessary because the recent flood has hurt.
Cotton crop
It leads to an upward trend in cotton prices.
According to the conservative estimate of Saeed, President of the Pakistan towel manufacturers association (TMA), the 200 thousand cotton mature cotton in Xinde province has been damaged, resulting in the destruction of 100-150 million cotton.
In Sindh province, cotton production is expected to reach 4 million 500 thousand packages this year, of which 500 thousand packages have arrived in the market and the remaining cotton is still in the cotton field.
This led to a 15% rise in cotton prices and a current price of 6400 rupees /40 kg.
The Pakistan towel manufacturers association is worried that cotton prices may rise again, because last year there was a similar situation after the flood, and the price reached 14000 rupees /40 kg.
Therefore, in order to control this situation, the government should ban immediately.
Cotton export
Meanwhile, cotton was imported from neighboring India, because India's cotton output in the 2011-12 cotton season exceeded 36 million 380 thousand packages, while the India government expected only 35 million 500 thousand bales of cotton.
The government of Pakistan should not only ban cotton exports, but also prohibit the export of cotton yarn, so that the textile industry, especially the value-added textile sector, can survive.
Under the current law and order, war and counter-terrorism situation, the value-added textile sector has shrunk.
AI suggested that the government should plan a favorable strategy and convene meetings to find solutions in time.
Interestingly, the India Cotton Association hopes that the government of India will allow exports of cotton under open ordinary letters of credit.
New cotton season
No restrictions should be imposed on cotton exports. The India Cotton Association estimates that the output of cotton will reach 36 million 380 thousand bales, while the government's estimate is 35 million 500 thousand bales.
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