Home / Knowledge / News / Textiles / Cotton export fetches US$ 425mn for Pakistan in FY12

Cotton export fetches US$ 425mn for Pakistan in FY12

20
Jul '12
Pakistan earned US$ 425 million by exporting a record 1.5 million bales of cotton during the fiscal year 2011-12 that ended on June 30, 2012.
 
During the same period, the country spent US$ 320 million on importing around 1 million bales of cotton from India, China and other countries.
 
Speaking to fibre2fashion, Mr. Amanullah Qureshi, Chairman of Pakistan Cotton Ginners Association (PCGA) said, “Pakistan exported 1.5 million cotton bales in 2011-12 worth US$ 425 million, which was the highest ever.”
 
“About 1 million cotton bales worth US$ 320 million were imported from India, China and other countries during the year. The imported cotton was of the long staple variety needed for fine cone, which is used in textile units. Pakistan will have to import the long staple cotton, even if the country produces 20 million bales as that variety is not produced in Pakistan,” he added.
 
“Besides, long staple variety, good quality cotton like the Shankar-6 variety was also imported from India in the end of the season as our quality crop stock got exhausted by that time,” he reveals.
 
Talking about quantity of cotton production in Pakistan, Mr. Qureshi says, “Last year, Pakistan produced 15 million bales of cotton. About 2 million bales of crop got destroyed due to rains and floods. Otherwise, the total production would have gone up to almost 17 million bales.”
 
“For the new cotton season, we are estimating the cotton production in the country to be about 16 million bales. Early arrival has started around two weeks back, but actual arrival will begin next month,” he informs.
 
However, the official cotton estimate for the new season would be decided at a meeting on July 23, 2012. It will be attended by representatives of the Department of Agriculture, PCGA and cotton growers.
 
On July 19, cotton was being traded at Pk Rs. 6,300 per maund of 37.328 kg. “With the increase in arrival of cotton, the prices will go down,” opines Mr. Qureshi.
 

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 24th Jul 2021

5.2 lakh Zimbabwean homes to gain from Pfumvudza cotton inputs scheme

At least 520,000 households in the marginalised zones of Zimbabwe...

Pic: Lanzatech

Textiles | On 24th Jul 2021

US' LanzaTech, Lululemon to make yarn from recycled carbon emissions

LanzaTech has joined hands with Lululemon athletica, an athletic...

Pic: HOdo Group

Apparel/Garments | On 24th Jul 2021

Chinese apparel firm HOdo exports carbon-offset clothing

Apparel brand HOdo has claimed producing and exporting China’s first...

Interviews View All

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Sustainable and eco-friendly fibres remain in the minority

Textile Industry, Head honchos

Textile Industry
Head honchos

Money never disappears-it just finds new opportunities

Aashumi Mahajan,

Aashumi Mahajan

Luxe Maison is a premiere haute couture e-boutique established after 2015. ...

Zayed Moyeen,

Zayed Moyeen

Far East Knitting and Dyeing Industries LTD (FEKDIL) was established in...

Susan Bhaktul,

Susan Bhaktul

Established in 2000 as a liaison with the Government of India, Industree...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

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