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Spinners urge govt to import US cotton under USAID
19
Aug '10
Gohar Ejaz, Chairman of Punjab division of the All Pakistan Textile Mills Association (APTMA) recently said that in order to mitigate the devastation caused by floods on cotton crop within the country, the government should import two million cotton bales from US under the USAID on an urgent basis.

Ejaz, in a conversation with media, stated that according to the previous calculations there would be around 2 to 5 million cotton bales destroyed in the recent floods in Pakistan, and that the flood is likely to put a further negative impact on the textile industry's intake of around 15 million bales.

He added that the US, as against its intake of 4 million bales a year, is producing 15 million bales each year. He urged the Pakistani government to have talks with the US government so that 2 million bales of cotton could be imported in the country by the Trading Corporation of Pakistan.

Gohar further added that cotton exports from India would commence after October 1st, and that some of the cotton mills have decided upon future agreements at 88-91 cents. This would lead to the landing cost of Indian cotton in Pakistan to Rs. 6,000 per maund.

Fibre2fashion News Desk - India


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