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ANALYSIS: Indication Of Surplus
Cotton In This Season
The crucial month of September and early October have been
passed with out any damaging any major lose to cotton crop
except some minor attack in sind due to rain, but yesterday
it was hail storm in some part of Dera Ghazi Khan District
damaging cotton crop in some areas of the district.
Authorities concerned have sent initial report regarding
heavy losses of the crops to the directorate Agriculture,
Lahore .
some pest attack of whitefly and bollworm has been reported
in some areas of Punjab but not at larger extent. The minor
attacked also been seen in lower Sindh of reddening of leaf,
besides these loses we are in position to get bumper crops
over 12 million bales.
The weather report for coming few days is sunny and no
indication of any heavy rain in cotton growing areas of
Sindh and Punjab.
The Price of local cotton is declining continuously despite
intervention of TCP, as I already mentioned in my previous
analysis report that our price or links to international
price as we are dealing on the basis of free market of
mechanism, free market means free import and export without
any restriction .
International price is on the decline trend because
consumption is lower than the production in world, 2.5
million bales are surplus according to last world Cotton
report .
The picking process in lower Sindh almost at the end as more
than 90% crops has been picked. Picking in Punjab and upper
Sindh is at their peak.
The Government of Pakistan is making all out efforts to
stabilize the price by inducting TCP and TCP have claimed to
have contract more than 2,14,000 bales out of this 6,ooo
bales are delivered to TCP godown in Karachi . The question
arise why ginners are so reluctant to delivered cotton to
TCP, they suppose that there are many hurdles as compare to
Sppiners.
The price of seed cotton is much lower than government
support price i.e Rs.925 per 40 kgs, in this regard many
meetings are held . The Pakistan Cotton Ginner Association
has assured to government that Ginner would offer support
price of seed cotton to growers if, the TCP entered into an
agreement with them to buy their unsold stocks of all grades
of lint cotton at fixed price .
Ginning report of all cotton producing areas is on higher
side as compare to last year although before the sowing of
cotton there was shortage of irrigated water but due to
increase of the area and by minor pest attacked , indication
of bumper cotton crop is there. Our exporter of cotton get
low price in international market and our cotton is quoted
in B. index because of lack of quality .
Cotton is backbone of our country and 60 %to 70% of our
export earned by textile and its products, therefore
government should take concrete measure with satisfaction of
all the stake holder of cotton by providing better price to
growers, ginners and smooth availability of raw cotton to
spinner at reasonable price where they may compete in
international market with respect to yarn export by keeping
in mind the challenges of WTO regime which is not far away.
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Syed
Kaleem Uddin
The writer is a permanent contributor to Pakissan.com
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