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Cotton consumption forecast at 2.736mn tons

31
May '07
The MY 2007/08 cotton forecast is 2.265 million metric tons (MMT, lint basis), the second largest ever. Progressive textile mills are focusing on producing better-quality products, particularly for the export market. Pakistan is a major cotton importer, especially for U.S. upland and Pima cotton. Consumption is forecast at 2.736 MMT, marginally less than the previous year.

With domestic prices increasing mills are finding the importation of upland cotton increasingly attractive. Recently, the GOP has allowed import of long staple cotton through land routes from India and Central Asia. This year Pakistani farmers are expected to plant about 30 percent of their cotton crop in illegal Bt. Varieties.

Executive Summary:
Pakistan's MY 2007/08 cotton crop is forecast to be its second largest ever at 2.265 million metric tons (MMT, lint basis) due to based on better productivity, improved technology, and good management practices adopted by the cotton growers. This forecast is based on strong demand from Pakistan's textile industry, which is expected to consume 2.736 MMT of cotton.

Progressive textile mills are focusing on producing better-quality products, particularly for the export market. As a result, Pakistan is a major cotton importer, especially for U.S. upland and Pima cotton.

In the face of rising domestic prices and continued contamination problems, local mills are finding the importation of upland cotton increasingly attractive.


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