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TCP should procure cotton to stabilize prices - CCG
10
Nov '08
The Punjab Cotton Consultative Group (CCG), after carefully calculating the stock of 2008-09 cotton production in the province, is urging the Trading Corporation of Pakistan (TCP) to start its start its operation soon.

CCG stressed at the recently held meeting that TCP required to procure atleast two million bales, so as to stabilize phutti and lint prices.

Secretary Agriculture Punjab, representatives from All Pakistan Textile Mills Association (APTMA), Cotton Ginners Association (CGA), and several farmers' organizations were present here.

Representatives of cotton growers revealed to the press that they had demanded that TCP set the minimum phutti price at Rs1600 per maund and lint price at Rs3300. They said that this was the only way to stabilize market and maintain fair prices.

Director of Agriculture Produce-Protection Organisation (APO), Mr Farooque Bajwa, said, “Around 3.3 million cotton bales have already arrived in the ginning factories of Punjab, and 2.5 million more bales are expected this month, therefore the TCP should start its operation forthwith.”

According to statistics cotton production in Punjab is expected to be around 8.3 million bales, much lower than earlier estimates of 10 to 11 million bales. The key reason for this is cotton leaf curl virus (CLCV) infections that spread through most fields in Vehari, Khanewal, Multan and Lodhran districts.


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