Pakistan'S Textile Department Asks The Government To Ban The Export Of Cotton.

Pakistan added value Spin The Department suggested that the government should purchase cotton from the United States except for the immediate prohibition of cotton exports. Louisiana, Arkansas, Mississippi and Missouri of the United States all received a bumper crop of cotton.

This is necessary because the recent floods have hurt cotton crops and led 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, this year's expectations cotton The output reached 4 million 500 thousand packs, of which 500 thousand packages had arrived in the market, and the remaining cotton was 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 phenomenon after the floods. situation The price once reached 14000 rupees /40 kg.

Therefore, in order to control this situation, the government should immediately ban the export of cotton and import cotton from neighboring India, because the cotton output of India in the 2011-12 cotton season exceeds 36 million 380 thousand packages, while the India government expects the cotton output to be only 35 million 500 thousand packs. 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 be open to the public. ordinary The letter of credit allows the export of cotton, and there should be no restrictions on cotton exports in the new cotton season. The India Cotton Association estimates that the output of cotton will reach 36 million 380 thousand packages, while the government's estimate is 35 million 500 thousand packages.