Home / Knowledge / News / Textiles / PCGA urges TCP to buy low grade cotton
PCGA urges TCP to buy low grade cotton
05
Dec '11
The Pakistan Cotton Ginners' Association (PCGA) has made a request to President Asif Ali Zardari to ask Trading Corporation of Pakistan (TCP) to buy low grade cotton from the market to support cotton prices in the country.

From a record high of more than PKR 14,500 per maund, the prices of cotton have now declined to PKR 3,000 per maund owing to bumper arrival of cotton, which is of lower grade that does not meet the requirement of textile sector for their value-addition exports.

In the current 2011-12 season, Pakistan is estimated to have a bumper cotton production of 14.8 million bales.

“PCGA has urged President Zardari to intervene and direct the TCP to buy low grade cotton that is lying with us and one that is lying in Punjab which is also of low category, in order to support cotton prices in the country,” Mr. Amanullah Qureshi, Chairman PCGA, told fibre2fashion.

“We have talked to the PM about it and he is considering the matter. We also had a meeting with the Textiles Ministry department and we are hopeful that the Government will act positively in this matter and they would take the initiative to solve the issue,” the PCGA Chief added.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mark Paterson
Technical Absorbents Ltd

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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