Cotton output spikes 44% to 7.3m bales

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KARACHI:

Pakistan’s cotton manufacturing has registered a rise of 44% to 7.27 million bales within the present season (June-December 2021) primarily on account of conducive climate situations.

The improved yield has enhanced provide of the commodity to textile exporters of the nation.

Pakistan had produced 5.05 million bales in the identical interval of final yr (June-December 2020), in response to information launched by Pakistan Cotton Ginners’ Affiliation (PCGA) on Saturday.

The affiliation reported the common weight of 1 bale at 155 kg. The manufacturing season is nearing its finish.

“We estimate extra manufacturing of round 50,000 bales within the present season,” stated former PCGA chairman Jassu Mal Leemani whereas speaking to The Specific Tribune. “Nonetheless, whole manufacturing won’t be greater than 7.three million bales.”

The complete-year output projected by PCGA is far decrease than the revised projection of the federal government at 9.5 million bales.

The home demand for cotton from textile mills (yarn producers) is estimated at round 16 million bales. Accordingly, they’re estimated to import an enormous amount that will probably be way over what the nation has produced within the present season.

Cotton is a serious enter in textile manufacturing. Textile sector is the biggest export earner within the nation, because it fetches round 60% of the full annual earnings and helps preserve overseas change reserves of the nation.

Well timed rainfall in September has enhanced the cotton output this yr. “Final yr, premature rainfall in August broken virtually 2 million bales in Sindh alone,” Leemani stated.

“Accordingly, the nation ended up with a decades-low cotton manufacturing (after 1983-84) at 5.64 million bales in 2020-21,” Leemani stated.

Cotton manufacturing of the nation hit a historic excessive stage of round 14 million bales in 2014-15. Since then, the output has been on the decline primarily on account of unavailability of high quality seeds.

“Premature rainfall in Sindh and white fly assaults in Punjab dented manufacturing final yr.”

The many years low output inspired textile business (yarn producers) to import 857,373 tons or $1.48 billion price of cotton within the earlier fiscal yr that ended on June 30, 2021, in response to the Pakistan Bureau of Statistics (PBS).

Learn ‘Assembly cotton goal important for stability’

The federal government introduced a minimal buy (assist) worth of Rs5,000 per 40kg of cotton in October 2021.

“This additional motivated growers to sow cotton at a bigger space this yr (in comparison with the earlier yr),” he stated.

The official recalled that the affiliation had made repeated requests to the federal government to announce the assist worth in a bid to prop up cotton manufacturing, the previous PCGA chairman stated.

Cotton worth is hovering at across the historic excessive stage of Rs18,000 per 40kg today in comparison with round Rs11,000 per 40kg round a yr in the past, it was learnt.

Farmers, largely in Punjab, most popular to sow rice, maize and sugarcane as an alternative of cotton over the previous few years after they did not safe a superb worth for phutti (cotton flower). They sowed cotton seeds at round three million acres of land in Punjab this yr in comparison with 6 million acres in good years of cotton manufacturing.

Farmers in Sindh sowed cotton seeds at 1.three million acres of land this yr in comparison with 1.5-1.6 million acres up to now.

He pressured upon the federal government to check climate patterns of various cotton manufacturing zones and develop seeds accordingly. “At current, it’s supplying seeds that have been developed many years in the past after contemplating the climate situations of Rahim Yar Khan district,” he stated.

The federal government ought to pay particular consideration to cotton manufacturing, as low output encourages textile sector stakeholders it import the commodity, depleting the nation’s overseas change reserves.

 

Printed in The Specific Tribune, December 19th, 2021.

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