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

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marcel Alberts

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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:
March 2017

March 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search