Home / Knowledge / News / Textiles / PCF rejects intervention to free market mechanism in cotton economy
PCF rejects intervention to free market mechanism in cotton economy
22
Apr '11
Chairman Pakistan Cotton Forum (PCF) Seth Muhammad Akbar has rejected any intervention to the free market mechanism in the cotton economy of the country.

He said the cotton farmers are major beneficiaries of the free market mechanism, as return on agriculture produce has increased manifold against all previous records and some Rs240 billion has directly been transferred to the cotton growers by the industry due to attractive support price and increase in commodity prices globally. On top of all, he said, the availability of free market mechanism has played vital role in flourishing rural economy.

He said the farmer commutnity represents 70 percent of the population and present government has won its hearts by protecting lucrative prices for agriculture products.

Seth Akber said all the stakeholders at the platform of PCF including Farmers Associate Pakistan (FAP), Pakistan Cotton Ginners Association (PCGA), Karachi Cotton Association (KCA) and All Pakistan Textile Mills Association (APTMA) have a strong conviction that any intervention to the fee market mechanism would be detrimental to the growth of rural economy in Pakistan.

He said the target of 15 million bales set for the new crop season is likely to be achievable due to enthusiastic farmer community prepared to grow more cotton this year.

Chairman PCF there were high chances of increase in cotton crop last year but unexpected floods hit the rural economy hard. He added in the same breathe that good days are likely to return to the rural economy and cotton production is likely to reach record level this year.

He also urged the government to ensure all inputs to the cotton growers including timely including fertilizers, seed and water to achieve broader national economic objectives.

Seth Akber lamented that the vested interest elements in the ancillary industry are adhering to their hidden agendas by pushing the government to distort free market mechanism by banning exports of cotton trade. He said the ancillary industry should act prudently, as abundant cotton would be available ahead to convert it into value added products.

All Pakistan Textile Mills Association (APTMA)


Must ReadView All

Sri Lanka's textile imports up 32.5% in February 2018

Textiles | On 22nd May 2018

Sri Lanka's textile imports up 32.5% in February 2018

In what might be an indication of higher exports in the coming...

Polyester yarn price surge affects Surat textile industry

Textiles | On 22nd May 2018

Polyester yarn price surge affects Surat textile industry

The prices of polyester yarn have increased about 12-15 per cent in...

Courtesy: Myntra

Fashion | On 22nd May 2018

Myntra to launch exclusive red carpet line at IIFA 2018

India’s leading destination for fashion online, Myntra, is all set to ...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Top executives
Textile industry

GST has levelled the playing field to an extent

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Urmil Arya

Sushila International, a well established textile organisation established ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mohammad Hassan
Biax Fiberfilm

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search