Home / Knowledge / News / Textiles / Pakistan ginners concerned over dip in cotton prices
Pakistan ginners concerned over dip in cotton prices
26
Dec '12
Mr. Mahesh Kumar
Mr. Mahesh Kumar
Pakistan ginners are concerned over the recent dip in cotton prices, mainly due to the ongoing festival season holidays, says Mr. Mahesh Kumar, Chairman of Pakistan Cotton Ginners Association (PCGA).

In a conversation with fibre2fashion, Mr. Kumar said, “Cotton prices have currently declined and are presently around Pk Rs. 6100 per maund of 37.32 kg for high grade cotton and Rs. 5400 per maund for low quality cotton.”

“Currently, there are very less buyers for yarn and cotton in the global market due to the festival season,” he adds.

“There is a decline in prices and demand of Pakistani cotton and we hope that there would be a change in the scenario after the holiday season,” he opines.  

Talking about the challenges faced by the cotton ginners, he says, “The shortage in the supply of electricity and gas is also a concern for the cotton ginners in the country.”

At present, textile units in Punjab province of Pakistan, where around 80 percent of the country’s textile mills are located, are witnessing an indefinite suspension of power supply. If the situation continues it would lead to a halt in production, and resultantly a decline in domestic consumption of cotton, which would, in turn, lead to a further decline in cotton prices.

Pakistan Cotton Ginners’ Association is a representative body, which coordinates the problems of the ginners with the Federal and Provincial Government Agencies to resolve them.  

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 26th Sep 2016

Azerbaijan pins hope on revival of cotton sector

In the midst of economic problems, Azerbaijan president Ilham Aliyev...

Courtesy: Stenn International

Apparel/Garments | On 26th Sep 2016

Stenn debuts new $300mn fund for SE Asian suppliers

UK trade financer Stenn International has unveiled a $300 million...

Textiles | On 26th Sep 2016

Aleph unveils new LaForte wide format inkjet printers

Aleph, developer of a complete range of innovative digital printing...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eamonn Tighe
Nature Works LLC

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

Johan Berlin
InvestKonsult Sweden AB

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

Yash P. Kotak
Bombay Hemp Company

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Bani Batra

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

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
September 2016

September 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search