Home / Knowledge / News / Textiles / KCA rejects PCGA demand to urge TCP to buy cotton
KCA rejects PCGA demand to urge TCP to buy cotton
Dec '11
The Karachi Cotton Association (KCA) has rejected the demand made by the Pakistan Cotton Ginners Association (PCGA) urging the Government to issue orders directing the Trading Corporation of Pakistan (TCP) to purchase one million bales of cotton to bring stability to prices of cotton in the country.

The KCA said free trading in cotton is being successfully followed in Pakistan for the last 16 years and this policy would be negated if the TCP, a public sector organization, intervenes in the cotton market.

It said the TCP should not be allowed to intervene in the market in order to protect the interest of all those associated with cotton economy, including cotton cultivators.

In order to ensure price at par with global market rates to cotton growers and to provide a level playing field to all the stakeholders of the cotton economy, the KCA always supported free trading policy in cotton, i.e. a policy which allows for free export and import of cotton without any tariff or quantitative restrictions, the KCA statement said.

It added that the KCA believes that the price mechanism, demand and supply situation as well as exportable surplus should be allowed to be decided by market forces.

KCA requested the Government not to intervene in the country's cotton market through TCP and continue with the existing free trading policy with respect to cotton in the interest of all cotton stakeholders and the country's economy.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Courtesy: TAL Group

Apparel/Garments | On 24th Oct 2016

TAL’s new garment factory goes operational in Vietnam

A new garment factory of the Hong Kong based TAL Group has become...

Information Technology | On 24th Oct 2016

X-Rite Pantone unveils appearance exchange file format

X-Rite Pantone, X-Rite Incorporated subsidiary that offers colour...

Interviews View All

Abhishek Ganguly
Puma India

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

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Karel Williams
Dow Microbial Control

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

Giorgio Mantovani
Corman S.p.A

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

Urs Stalder
Sanitized AG

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

Johan Berlin
InvestKonsult Sweden AB

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

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

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search