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Pakistani cotton exports surge
25
May '11
The July 2010 to April 2011 period saw Pakistan's raw cotton exports rising considerably to touch $277 million, up from $70 million in the corresponding period, last year.

The total textile product exports including cotton, jumped to $10.49 billion from last year's $8.38 billion, which is attributable to rise in final product prices.

Improved quality and growing demand from domestic textile and spinning units caused the cotton prices in the country to rise to record level of Rs. 15,000 per maund.

Also, there has been a rise in demand for Pakistani cotton in the world markets due to attributes like length, quality, staple and above all its low cost as compared to other cotton exporting countries. Bangladesh, Malaysia, Thailand, Taiwan, China, Vietnam and Far East countries are all the major buyers of Pakistani cotton.

For the 2011-12 crop season, the country is eyeing a robust production of more than 15 million bales, while quality and low cost are expected to greatly boost its demand in the international market in coming season.

As the crop is generating higher returns for the cultivators, around 20 percent more land has been brought under cotton cultivation this season, adding which, the area under cotton cultivation has come to around one million acres.

Fibre2fashion News Desk - India


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