Home / Knowledge / News / Textiles / Pakistan textile sector to depend on large cotton imports
Pakistan textile sector to depend on large cotton imports
10
Feb '11
In order to meet the local demand, Pakistan would be required to import around two million cotton bales by June this year. The summer floods greatly devastated the cotton crop for the 2010-11 season and has thus resulted in a decline in the total crop estimates for the season from the previous target of 14 million to 11.70 million bales.

This has required the country, which is world's third largest consumer of cotton, to import more than one million cotton bales by now, to balance the demand-supply gap. The country's average cotton consumption remains somewhere around 14 to 16 million bales per year.

This week a little more than 11 million cotton bales reached the markets, while now only seven lakh bales are left for supply, which is why the country is certain to fall short to meet the domestic demand and would be required to import another 1.5 to two million bales by June, 2011, because July onwards the new crop will start reaching the market.

The Pakistani textile firms are now considering India, the world's second largest producer of cotton for importing cotton so as to satisfy majority of their cotton demands. This is because imports from neighbouring country in the east prove to be more economical and also require less time.

However, majority of the Indian traders have failed to honour the agreements that they had inked with the Pakistani buyers. They have given the pretext of Pakistani importers' failure to timely register their orders with the Indian authorities, owing to which the supply from India remained less and slow.

Pakistani importers have inked many new deals with the Indian exporters since December 2010, for importing minimum three lakh bales of cotton at a price ranging between $1.40 and $1.50 per pound.

However, the Pakistani traders stated that, they are expecting not more than five lakh bales flowing into the country from India during the current season, and would thus be required to import the rest of their requirements from the US and West Africa by paying higher prices.

Fibre2fashion News Desk - India


Must ReadView All

Alliance to form joint entity for safety in factories

Textiles | On 24th Apr 2018

Alliance to form joint entity for safety in factories

On the 5th anniversary of the Rana Plaza Collapse, The Alliance for...

China’s Alibaba partners with Thailand for digital trade

Textiles | On 24th Apr 2018

China’s Alibaba partners with Thailand for digital trade

China’s Alibaba Group recently signed an agreement with the Thai...

ACFTA to benefit Egyptian RMG exports: trade body official

Apparel/Garments | On 24th Apr 2018

ACFTA to benefit Egyptian RMG exports: trade body official

Egypt’s readymade garment (RMG) sector’s exports to African countries ...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Steve Cole
Xerium Technologies

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Tony Ward
Tony Ward

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

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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