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Open trade policy boosts earnings of cotton farmers

17
Jan '11
Pakistan government's free trade policy has benefitted the cotton cultivators of the country as the policy enabled them to earn an import parity price in the domestic markets itself. The cotton farmers secured an extra sum of Rs 150 billion during 2010, as over the previous year. But then, the cotton export ban imposed by the Indian government has caused the Indian farmers to suffer losses, an expert said.

The expert applauded the Pakistani government's move of adopting the free trade policy, particularly when the country fails to meet its overall industrial demand of 15 million bales by three million bales, every year.

The policy prevents the industry from exploiting the farmers, he said.

He said that, the spinners have extended their sincere support to the policy. The rates offered to the farmers this season were good enough to keep away the exporters, he added.

Just four percent of the country's overall cotton production of more than 11 million bales could be exported this year. Despite of that, no requests have been made by the textile owners even when the government had imposed a ceiling on yarn exports.

Resultantly, the cultivators who incurred a loss of around two million bales on account of floods still managed to earn Rs 150 billion more for the remaining crops as compared to last year.

Fibre2fashion News Desk - India


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