Home / Knowledge / News / Textiles / Stakeholders meeting to resolve Pak cotton price issue

Stakeholders meeting to resolve Pak cotton price issue

28
Dec '11
A meeting of various stakeholders involved in Pakistan's cotton business will be held on December 28 to deliberate and find a solution to problems being faced by the country's cotton growers and ginners owing to continuous decline in prices of cotton and seed-cotton.

The meeting will be presided over by Minister of Textile Industry Shahabuddin and is likely to be attended by representatives of Pakistan Cotton Ginners Association (PCGA), All Pakistan Textile Mills Association (APTMA), Karachi Cotton Association (KCA), and the Trading Corporation of Pakistan (TCP).

The PCGA had earlier held a series of meetings asking the Government to initiate measures to stop further decline in the prices of cotton and cotton-seed.

The continuing fall in prices was affecting both cotton growers and ginners in the country, PCGA said, and requested the Government to order the TCP to procure cotton from the market.

However, when the Government was about to issue the notification, the KCA stepped in and opposed the measure calling it an intervention in the well-established free market mechanism.

Meanwhile, expecting that the TCP will begin buying cotton from the market and the subsequent rise in prices, both cotton farmers and ginners have stopped selling their inventory.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 2nd Aug 2021

Vietnam surpasses Bangladesh as 2nd biggest garment exporter: WTO

Bangladesh recently lost its rank as the second largest apparel...

Pic: Shutterstock

Textiles | On 2nd Aug 2021

Euro zone economy expands by 2% in Q2 2021: Eurostat

The 19-member euro zone financial system expanded by 2 per cent in...

Pic: Shutterstock

Textiles | On 2nd Aug 2021

US real GDP increases at annual rate of 6.5% in Q2 2021: BEA

US real gross domestic product (GDP) increased at an annual rate of...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Akram Tariq Khan,

Akram Tariq Khan

E-commerce brand YourLibaas meaning "garment or attire" in Udru, was...

Alberto Gotti,

Alberto Gotti

Danitech was born from the will of a group of technicians to offer the...

Rajat Kapoor,

Rajat Kapoor

Seraphine is a British maternity brand providing affordable luxury fashion ...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

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


July 2021

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


Advanced Search