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TCP commences cotton procurement

03
Dec '08
It seems miseries of the cotton ginners is about to end.

Since December 1, The Trading Corporation of Pakistan (TCP) has started procurement of lint from ginners at the minimum support price of Rs3,202 per maund.

TCP has set up 13 cotton procurement centers throughout the country to cover almost all important areas where cotton is produced.

These centers are located in the Punjab and Sindh region at Rahim Yar Khan, Bahawalpur, Chishtian, DG Khan, Multan, Sahiwal, Vehari and Faisalabad, Mirpurkhas, Nawabshah, Sanghar and Sukkur and one in Balochistan at Khuzdar.

Mr Muhammad Akram Chaudhry, Chairman, Pakistan Cotton Ginners' Association (PCGA) told Fibre2fashion, “On the first day, they purchased 50,000 bales at the rate of Rs3,202 per maund. TCP will be procuring cotton on daily basis and will put the stock in their go downs.”

Mr Chaudhry further stated, “TCP will later on decide as to whether this cotton should be exported or be consumed for domestic requirements. Present arrangement will help farmers as they will be getting money for their product on the spot. So the whole chain will be benefited.”

TCP's intervention will stabilize prices of cotton in the local market and ensure a fair return to the growers.

Fibre2fashion News Desk - India


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