Pakistan's annual demand stands at around 15-16 million bales. India's current season cotton production was around 27 million bales while consumption was 23.5 million bales, leaving a surplus of 3.5 million bales. But India exported 4.5 million bales.
India cotton is being imported in Pakistan via ship and railways and it will be first time that it will be transported through trucks.
At present 55 trucks carrying perishables are coming everyday from India, but none of trucks carrying cotton bales. The increase in cotton prices in India and significant surge in its freight charges together were not allowing Indian traders to fulfill export orders to Pakistan in time.
Mr. Tanvir A. Sheikh stated that delay in Indian cotton exports might also cause production and export problems for Pakistani textile units, as textile exporting units have committed for export orders on the basis of cotton import prices and volume from India.
The increase in cotton prices and significant surge in its freight charges together were not allowing Indian traders to fulfill export orders to Pakistan in time.
Pakistani importers, particularly the mills are facing shortfall, even the shipment orders of November-December 2007 were still in the pipeline with India and after freight increase this seems less possible for Indian exporters to proceed with the commitments.
The other reason behind delay in fulfilling orders is said to be the heavy shipment to China from India.
Mr. Tanvir A. Shiekh argued the government and the concerned ministries of both the countries to intervene in the matter for the sustainable economic relations of both the countries.
Federation of Pakistan Chambers of Commerce and Industry
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