Projected cotton imports worth $600
million
The textile sector is expected to spend around $600 million
on import of cotton from USA, India and Brazil due to decline in
cotton yield this season, said importers.
Cotton remained under direct threat of a number of pests and
diseases and production will remain far behind 12 million bales
revised target from 13.3 million bales set for Kharif 2009-10
seasons, said officials sources in Ministry of Food and
Agriculture.
Due to poor planning, spurious inputs including pesticides,
insecticides and fertilizer besides uncertified Bt cotton seed
kept the production below target since 2003-04, said Senior
Member of Pakistan Yarn Merchants Association, Ghulam Rabbani.
He said Pakistan produces some 13 million bales of cotton per
year and country’s consumption stands at 16 million bales
leaving a shortfall of 3 million bales. In order to meet the
shortfall, Ministry of Commerce (MOC) allowed import of long
staple cotton through land route from India.
Economic Coordination Committee (ECC) of the Cabinet had
already agreed to allow the import of long staple cotton through
land route from India and Uzbekistan to meet the country’s
annual shortfall of 3 million bales.
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