Home / Knowledge / News / Textiles / Falling prices worry cotton farmers
Falling prices worry cotton farmers
17
Oct '08
Cotton prices have slumped due to global recession and its suppliers in the harvesting stage are facing crisis.

Due to liquidity crunch globally, cotton prices, in the local market which were lingering around Rs4,000 to Rs4,200 per maund, around last month, has dropped to Rs3,475 per mound currently.

In an exclusive interview with Fibre2fashion, Ghulam Rabbani, Director Karachi Cotton Association, says, “As the world's largest cotton suppliers (India, China, USA, Pakistan) are in harvesting stages and crop ideas are moving from good to excellent, supplies are to be increased sharply in near future, and most discussed liquidity crunch in global market are the root issues to decrease the commodity prices.”

Further Mr Rabbani stated, “Liquidity crunch is one of big issue depressing commodity prices in Pakistan but not only here but globally. Farmers now have to deal with this as most of them are dependent on the loans from the bank. They need to focus on enhancing the yield.

"I know it's a tough goal to achieve but at the moment it is the only suggestion. There is no alternative, except taking loans from the banks. Yes, presently banks have become more strict but they have never refused to lend in agriculture sector, the only thing is to manage their available finances in due manner.”

Federal Government has increased the allocation of money for loans in agri sector, to around Rs300 billions through State Bank, and subsidy of Rs26 billion on DAP and Urea, informed KCA Director.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kerem Durdag
Biovation II LLC

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

Giorgio Mantovani
Corman S.p.A

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

Bani Batra

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Karan Arora
Karan Arora

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

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search