Pakistan Kissan Board’s plea to stabilize cotton prices
Pakistan Kissan Board has demanded of the government to direct
the Trading Corporation of Pakistan (TCP) to immediately
intervene in the cotton market and start buying phutti to
stabilize cotton prices. He said that farmers can not store
seed-cotton, without ginning, in the humid month of October, as
it gets contaminated. It is a conspiracy against the nation in
general and the farming community in particular that growers are
being deprived of their hard earned money through market
manipulation and cash crunch.
He said that phutti prices have come down from Rs 2000 to Rs
1300 per 40 kg and lint prices from Rs 4200 to Rs 2600 per maund
between 25 September and October 28, 2008. By manipulating
cotton prices, market players are robbing Punjab farmers, Rs 82
billion by reducing phutti prices.He said if the Federal and
Punjab governments had any concern for the farming community or
the agriculture sector, then it should instruct the TCP to buy
at least 3 million cotton bales at September 2008 cotton rates.
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