Pakistan’s cotton output may reach new high
According to Pakistan’s “Business Record” report, as rising cotton prices stimulate farmers to expand planting areas, Pakistan’s cotton output in the 2011/12 fiscal year (July 2011 to June 2012) is expected to reach a record high of 16 million bales. level.
According to reports, due to the rise in cotton prices in domestic and foreign markets, Pakistani farmers increased their planting area in 2011. Pakistani government officials said that Pakistan’s cotton planting area reached 3.2 million hectares (approximately 8.7 million acres) this fiscal year. Cotton output in Punjab is expected to reach 12 million bales, and in Sindh, cotton output will reach 4 million bales.
An official from the Pakistan Planning Commission said that Pakistan’s gross domestic product (GDP) growth target for the 2011/12 fiscal year is 4.2%, and its agricultural growth target is 3.6%. Since cotton is an important cash crop in Pakistan, the quality of its harvest will determine whether Pakistan can achieve its agricultural growth goals.
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
