Home / Knowledge / News / Textiles / Mood upbeat in cotton industry
Mood upbeat in cotton industry
12
Feb '09
Mr Gulam Rabbani
Mr Gulam Rabbani
There are encouraging signs emanating from the cotton and textile sector in Pakistan. Ginners and traders are selling a record number of bales in the ongoing new cotton season, which in turn is giving the much needed confidence to ginners and farmers of the country.

This change in mood, which seemed despondent till a few weeks ago, has come about, thanks to the market intervention of the Trading Corporation of Pakistan (TCP), which has procured cotton from the markets in good quantities in the last few weeks.

Fibre2fashion spoke to Mr Gulam Rabbani, Columnist, Well-known cotton trader and a Director on the board of the Karachi Cotton Association to get an idea of the upbeat mood in the cotton sector and the reasons for the same.

Mr Rabbani said, “Traditionally, Pakistan is distributed in to two major parts when we talk in terms of the agriculture sector; Sindh and Punjab. Sindh produces around 25 percent of the cotton in the country while that of Punjab varies from 75 percent to 80 percent”.

He added, “This year Sindh produced around 2.9 million bales while that of Punjab stands at 7.8 million bales up to 31st January 2009. Ginning factories are still operating and we estimate that around half a million bales will still arrive in the current month of February.

The ginning capacity of units varies from 15,000-65,000 bales in a cotton season and for the first time in history of Pakistan, Al Basit Cotton Ginning factory in Shehdadpur; Sindh achieved the highest mark of ginning 100,000 bales in a single season.”

Commenting on the situation in the future of the white gold, he said, “Things are moving very smoothly now and we are reaching the completion of the cotton season. Cotton crop is expected to reach 11 million bales, but we still expect to run short by 2.5 million bales”.

He was very categorical when he said, “We had strongly opposed the estimates of 14.1 million bales, projected by the government in August 2008 and our projection of 11.5 million bales has come out right”.



Fibre2fashion News Desk - India


Must ReadView All

(left to right) Rohit Munjal, Ashok  Shah, Rahul Mehta, Premal Udani, Rajesh Masand and Jayesh  Shah

Textiles | On 28th Jun 2017

CMAI to host 822 exhibitors at 65th National Garment Fair

The Clothing Manufacturers Association of India (CMAI) will host over ...

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Interviews View All

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Steve Cole
Xerium Technologies

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search