Home / Knowledge / News / Textiles / TCP commences cotton procurement
TCP commences cotton procurement
03
Dec '08
It seems miseries of the cotton ginners is about to end.

Since December 1, The Trading Corporation of Pakistan (TCP) has started procurement of lint from ginners at the minimum support price of Rs3,202 per maund.

TCP has set up 13 cotton procurement centers throughout the country to cover almost all important areas where cotton is produced.

These centers are located in the Punjab and Sindh region at Rahim Yar Khan, Bahawalpur, Chishtian, DG Khan, Multan, Sahiwal, Vehari and Faisalabad, Mirpurkhas, Nawabshah, Sanghar and Sukkur and one in Balochistan at Khuzdar.

Mr Muhammad Akram Chaudhry, Chairman, Pakistan Cotton Ginners' Association (PCGA) told Fibre2fashion, “On the first day, they purchased 50,000 bales at the rate of Rs3,202 per maund. TCP will be procuring cotton on daily basis and will put the stock in their go downs.”

Mr Chaudhry further stated, “TCP will later on decide as to whether this cotton should be exported or be consumed for domestic requirements. Present arrangement will help farmers as they will be getting money for their product on the spot. So the whole chain will be benefited.”

TCP's intervention will stabilize prices of cotton in the local market and ensure a fair return to the growers.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Steve Cole
Xerium Technologies

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

Giorgio Mantovani
Corman S.p.A

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Rupa Sood and Sharan Apparao
Nayaab

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Mike Hoffman
Gildan Activewear SRL

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

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
January 2017

January 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