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

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Interviews View All

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Tony Ward
Tony Ward

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

Bani Batra

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search