Home / Knowledge / News / Textiles / PCGA urges govt to ask TCP to procure cotton from ginners
PCGA urges govt to ask TCP to procure cotton from ginners
Oct '11
With an aim to stabilize the cotton prices, the Pakistan Cotton Ginners Association (PCGA) has requested the Government to direct the Trading Corporation of Pakistan (TCP) to buy cotton from the ginners as third party buyer.

PCGA is apprehending that if the cotton prices do not stabilize, textile traders and other buyers may take undue advantage of the situation.

PCGA Chairman, Amanullah Qureshi, said as cotton prices are on a decline in global market, the Government should introduce measures to protect the farmers and ginners against any financial loss.

Mr Qureshi contended that in order to keep the market under pressure, the textile industry was releasing exaggerated data of domestic production and consumption. He stated that as per PCGA's expectations, annual cotton production for the current year was likely to come to 14 million bales, while the domestic consumption would not be below 14.5 million.

Besides domestic consumption, Turkey and China have each expressed interest in importing five million bales of cotton, he said. Mr. Qureshi also informed that 0.6 million bales of cotton were exported by private players during last year and they are expected to export similar quantity this year too.

Currently, cotton rates are prevailing at PKR 7,000 per maund in international market, while the prices in the domestic market are around PKR 6,400 to 6,500 per maund, the PCGA Chairman said.

He added that as TCP steps in as third buyer, this would buoy up the cotton prices, while not allowing the textile industry to take undue advantage of the situation.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 30th May 2017

CAI estimates 2016-17 cotton crop at 340.5 lakh bales

Cotton Association of India (CAI) has retained its earlier estimate...

Courtesy: World Bank/Claude Renault

Textiles | On 30th May 2017

India’s economic fundamentals remain strong: World Bank

India remains the fastest growing economy in the world – economic...

Courtesy: Dollar Industries

Apparel/Garments | On 30th May 2017

Dollar Industries registers Rs 906 cr turnover in FY17

Hosiery major Dollar Industries Limited registered a turnover of Rs...

Interviews View All

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search