The local cotton industry faces a severe crisis due to unfavourable import policies and adverse weather conditions.... This has led to a sharp decline in local and un-ginned cotton prices( phutti), causing financial difficulties for cotton growers and ginning factories.In addition to the import policies, unfavourable weather conditions have also taken a toll on cotton production.... Unexpected rains in February and March last year, followed by heatwaves and further rains in July and September,

LAHORE: Reports from major cotton-producing countries, including Pakistan, suggest that adverse weather conditions have marred white lint yield during the ongoing crop season though the phenomenon has failed to cause any impact on the cotton markets. For the cotton year 2023-24, Pakistan had initially allocated a production target of 12.8 million bales( 170kg each) which was later revised down to 11. 15m bales. However, due to the extremely adverse weather conditions and a severe attack of the w

LAHORE: Unprecedented 1. 429 million bales of cotton arrived in the ginning factories by July 31 as no significant pest threat to the crop from any cotton-growing belt was reported. Due to a record production during the first two months( June-July) of the cotton season this year, the total domestic output may exceed 10m bales after a break of 12 years. According to the data released by the Pakistan Cotton Ginners Association( PCGA), a total of 389, 000 bales arrived in the factories of Punjab, 4

ISLAMABAD: The Cotton Crop Assessment Committee was informed on Wednesday that Pakistan is expected to produce 8.46 million cotton bales this year, mainly due to the climatic condition which remained better than last year.... The cotton production in Punjab is expected at 4.5m bales this year which will be an increase of 8.5 per cent over the last year’s crop.... The government has announced intervention price of Rs5, 000 per 40kg for cotton this year....

LAHORE: The country’s cotton production stood at 6.85 million bales as of Nov 15, a year-on-year growth of 70 per cent, according to the latest data issued by Pakistan Cotton Ginners Association( PCGA) on Thursday.... PCGA stats show Punjab has so far produced 3. 41m bales while Sindh stands a little ahead with 3. 44m bales.... Stakeholders in Punjab, however, dispute the 3. 41m figure and contend that the provincial crop reporting estimates put the production at 5. 148m bales....

Salman Khan LAHORE: Cotton prices are touching new highs in the local market amid a fall in local production, delay in cotton shipments from abroad and rising dollar-rupee disparity.... The Karachi Cotton Association quoted Rs13, 580 per maund as the spot rate for the white lint, while the seed cotton rates prevailed between Rs5, 200 and Rs6, 200 per maund on Wednesday.... Karachi Cotton Brokers Forum chairperson Naseem Usman says these are the highest rates since 2010-11 when the prices had c

NEW YORK: Cotton extended a rally to its highest price since January 2012 with crop concerns in top shipper the United States compounding a tighter supply scenario driven by strong demand. Prices are up for a fifth day in New York, after jumping 4% last week on speculation demand will rise in top user China.US cotton certified stock levels continued to fall after peaking in late June, signalling good export demand, said John Robinson, an economist at Texas AM’s AgriLife Extension in College Stat

: Seeking immediate intervention of Union Textile Minister Piyush Goyal to protect the knitwear garment sector, Tirupur Exporters' Association( TEA) Monday accused middle-men and traders of creating a havoc by jacking up the price of cotton lt during the cotton arrival season.In a letter to Goyal a copy of which was made available, the TEA said the 11 per cent total import duty existing on cotton has been the reason for the cartelisation of players to increase the domestic cotton prices and make

It is faced with a double jeopardy: exceptional drop in rains has increased demand and drop in temperatures in catchment areas squeezed sullies.... “ It rained healthy in upper parts of the province where rice is planted – by and large, fulfilling its needs.... It rained very less, which also increased average losses, in the south where cotton dominates, where more showers could have only turned the weather humid — conducive to pest attack — and damaged crop....

In China’s cotton-growing Xinjiang region, farmers have been hailing a bumper harvest this autumn.... But much of the crop is under U.S. sanctions, and where it will end up is a thorny question. Xinjiang produces a whopping 85 percent of China’s cotton, which is made into garments sold around the world.... ones, a spokesman for U.S. Customs and Border Protection, said the agency continues to use all available resources to enforce sanctions....