Home / Knowledge / News / Textiles / Pak mill owners, ginners spar over cotton procurement
Pak mill owners, ginners spar over cotton procurement
07
Sep '15
A fight has erupted between Pakistani textile mill owners and cotton ginners over government procurement of cotton, according to reports in the country's media.

The Pakistan Cotton Ginners Association (PCGA) has demanded that the government should mobilise the Trading Corporation of Pakistan (TCP) as an alternative buyer of cotton in the market and also announce support price of the commodity. But the All Pakistan Textile Mills Association has said that the government's intervention in the free market mechanism would be imprudent.

PCGA chairman Haji Hafeez Anwar told reporters that the government should start buying cotton through the TCP within a week to avoid financial strain on farmers. He claimed farmers were being exploited by textile mill owners and that the industry this year is picking up crop only for the current requirement, whereas earlier they used to make purchases for the future as well.

The PCGA chairman urged the government to facilitate manufacturers and exporters to generate demand for cotton and guarantee the full utilisation of the current cotton crop.

He said that support price fixed by the government would help the farmers in ensuring fair return of their produce otherwise farmers would be shifted to alternate products instead of cotton.

The PCGA chairman said that APTMA was the sole buyer of cotton in Pakistan and had developed a cartel to purchase cotton at the cheapest price. He demanded that the government should announce the support price of seed-cotton and introduce Trading Corporation of Pakistan (TCP) as the third player in the market to stabilise prices and save the farmers from financial losses. He also demanded a ban on the shifting of sugar mills to Southern Punjab which had been declared as cotton belt and take effective measures for the protection of the cotton economy and to promote the export of textile products. Anwar said the government should give incentives to the exporters of cotton so that cotton export would bring stability in prices and farmers could get fair return of their produce.

But the APTMA has criticized a likely government move to procure seed cotton equivalent to one million bales at the support price of Rs 3000 per 40kg.

APTMA chairman SM Tanveer told a press conference in Lahore that the cost of production for cotton growers was very high, as the price of urea has been increased by Rs150 per bag and diesel prices have been raised by 45 per cent.

He recalled that the Trading Corporation of Pakistan had procured 90,000 cotton seed last year and incurred a loss of one billion rupees. “An independent inquiry should be made that why the Corporation has incurred such a huge loss last year,” he added.


Must ReadView All

Bangladesh panel to revise minimum wage for garment workers

Apparel/Garments | On 16th Jan 2018

Bangladesh panel to revise minimum wage for garment workers

The Bangladesh labour and employment ministry recently formed a panel ...

Bruckner to supply dry finishing lines for textile project

Textiles | On 16th Jan 2018

Bruckner to supply dry finishing lines for textile project

Bruckner, a producer of high-tech lines for the dry finishing of...

Courtesy: Carrefour

Apparel/Garments | On 16th Jan 2018

Carrefour signs strategic agreement with Showroomprive

Carrefour, the second largest retail chain in the world, has...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Yash P. Kotak
Bombay Hemp Company

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

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

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

January 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
68.8%
No
13.5%
Skip
17.7%

Total Votes: 96

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
63.5%
No
29.2%
Skip
7.3%

Total Votes: 96

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
87.5%
No
9.4%
Skip
3.1%

Total Votes: 96

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
82.3%
No
8.3%
Skip
9.4%

Total Votes: 96


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