Pakistan imports 10,000 bales of cotton from India
According to Pakistan’s “Business Record” report, due to Pakistan’s cotton production in fiscal year 2011 being significantly lower than expected, Pakistan has imported 2 million bales of cotton from India throughout the year, with a total value of 40 billion rupees (1 US dollar is equivalent to 85 rupees). ;Currently, there are still 400,000-500,000 bales of cotton import transactions in progress with India.
According to reports, Pakistan is the fourth largest cotton-producing country in the world, with textile exports accounting for nearly 60% of total exports. Pakistan’s total annual cotton demand is about 14.5 million bales. In fiscal year 2011, affected by the severe floods, cotton production was only 11.7 million bales, far lower than the 14 million bales target set at the beginning of the fiscal year. The domestic cotton market has been in a state of shortage, and cotton prices have also been declining. Always at a high level. It is estimated that the loss of cotton production caused by floods can reach 120 billion rupees in the textile industry. According to the media, Pakistan’s cotton sown area in the new season is 8.01 million hectares, an increase of about 8% compared with 2010. However, the current domestic shortage of urea and other chemical fertilizers has a greater negative impact on cotton planting.
Disclaimer:
Disclaimer: Some of the texts, pictures, audios, and videos of some articles published on this site are from the Internet and do not represent the views of this site. The copyrights belong to the original authors. If you find that the information reproduced on this website infringes upon your rights, please contact us and we will change or delete it as soon as possible. </p
