Home / Knowledge / News / Textiles / Cotton export fetches US$ 425mn for Pakistan in FY12
Cotton export fetches US$ 425mn for Pakistan in FY12
20
Jul '12
Pakistan earned US$ 425 million by exporting a record 1.5 million bales of cotton during the fiscal year 2011-12 that ended on June 30, 2012.
 
During the same period, the country spent US$ 320 million on importing around 1 million bales of cotton from India, China and other countries.
 
Speaking to fibre2fashion, Mr. Amanullah Qureshi, Chairman of Pakistan Cotton Ginners Association (PCGA) said, “Pakistan exported 1.5 million cotton bales in 2011-12 worth US$ 425 million, which was the highest ever.”
 
“About 1 million cotton bales worth US$ 320 million were imported from India, China and other countries during the year. The imported cotton was of the long staple variety needed for fine cone, which is used in textile units. Pakistan will have to import the long staple cotton, even if the country produces 20 million bales as that variety is not produced in Pakistan,” he added.
 
“Besides, long staple variety, good quality cotton like the Shankar-6 variety was also imported from India in the end of the season as our quality crop stock got exhausted by that time,” he reveals.
 
Talking about quantity of cotton production in Pakistan, Mr. Qureshi says, “Last year, Pakistan produced 15 million bales of cotton. About 2 million bales of crop got destroyed due to rains and floods. Otherwise, the total production would have gone up to almost 17 million bales.”
 
“For the new cotton season, we are estimating the cotton production in the country to be about 16 million bales. Early arrival has started around two weeks back, but actual arrival will begin next month,” he informs.
 
However, the official cotton estimate for the new season would be decided at a meeting on July 23, 2012. It will be attended by representatives of the Department of Agriculture, PCGA and cotton growers.
 
On July 19, cotton was being traded at Pk Rs. 6,300 per maund of 37.328 kg. “With the increase in arrival of cotton, the prices will go down,” opines Mr. Qureshi.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Fancycrave.com from Pexels

Apparel/Garments | On 22nd Jun 2018

EU's retaliatory duty on US apparel takes effect

As part of the three-pronged response outlined by the European...

NCC applauds House passage of farm legislation

Textiles | On 22nd Jun 2018

NCC applauds House passage of farm legislation

The National Cotton Council (NCC) of the US has welcomed the passage...

Courtesy: Roman Pohorecki from Pexels

Apparel/Garments | On 22nd Jun 2018

UK launches inquiry on sustainability of fashion industry

The Environmental Audit Committee of the UK Parliament has launched...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Eric Scholler
Groz-Beckert

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Giorgio Mantovani
Corman S.p.A

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search