BR100 Increased By (0.27%)
BR30 Increased By (0.15%)
KSE100 Increased By (0.15%)
KSE30 Increased By (0.01%)
BECO 5.92 Decreased By ▼ -0.11 (-1.82%)
BML 57.31 Increased By ▲ 4.56 (8.64%)
BOP 34.09 Decreased By ▼ -0.16 (-0.47%)
CNERGY 8.20 Increased By ▲ 0.04 (0.49%)
DCL 12.15 Decreased By ▼ -0.19 (-1.54%)
FCCL 53.88 Decreased By ▼ -0.01 (-0.02%)
FCSC 5.25 Increased By ▲ 0.03 (0.57%)
FFL 18.01 Decreased By ▼ -0.02 (-0.11%)
FNEL 1.31 Increased By ▲ 0.01 (0.77%)
HUMNL 11.23 Increased By ▲ 0.23 (2.09%)
KEL 8.17 Increased By ▲ 0.06 (0.74%)
KOSM 5.47 Increased By ▲ 0.09 (1.67%)
MLCF 88.79 Increased By ▲ 0.74 (0.84%)
NBP 186.50 Increased By ▲ 0.02 (0.01%)
PACE 10.96 Increased By ▲ 0.24 (2.24%)
PAEL 40.42 Increased By ▲ 0.48 (1.2%)
PIAHCLA 26.26 Increased By ▲ 0.09 (0.34%)
PIBTL 17.33 Increased By ▲ 0.01 (0.06%)
PPL 232.00 Decreased By ▼ -0.78 (-0.34%)
PRL 34.70 Decreased By ▼ -0.25 (-0.72%)
PTC 66.80 Decreased By ▼ -0.76 (-1.12%)
SEARL 91.45 Increased By ▲ 0.52 (0.57%)
SSGC 27.15 Decreased By ▼ -0.02 (-0.07%)
TELE 8.70 Increased By ▲ 0.13 (1.52%)
THCCL 65.35 Increased By ▲ 5.22 (8.68%)
TPLP 9.20 Increased By ▲ 0.44 (5.02%)
TREET 24.55 Increased By ▲ 0.01 (0.04%)
TRG 72.63 Increased By ▲ 0.88 (1.23%)
WAVES 10.70 Increased By ▲ 0.72 (7.21%)
WTL 1.26 No Change ▼ 0.00 (0%)
By

MULTAN: The Pakistan Cotton Growers Association (PCGA) has demanded the government take immediate notice of the crisis in the cotton trade and initiate steps to resolve the problems faced by the industry.

In a statement issued here on Friday, PCGA Chairman Chaudhry Waheed Arshad said without measures on war-footings, wheat cultivation will not be possible in the country, which may result in food shortage and food crisis.

The government should save farmers from major economic crisis through timely steps; he said and added that the process of cotton purchase by the textile sector is stalled.

The ginning industry has stopped purchasing cotton as the textile sector is the sole and major buyer of white gold and farmers have stopped picking cotton as the market mechanism is badly affected, PCGA Chairman informed.

Cotton arrival declines 24% year-on-year due to devastating floods

The agriculture department is repeatedly issuing instructions to the farmers to cultivate wheat, while wheat cultivation is possible only when the farmers complete the sale of cotton and prepare the land for it, Chaudhry said.

Edible oil is also decreasing because the cotton seed is still in the field and last year also 7 billion dollars worth of edible oil was imported, he noted.

Moreover, due to lack of cotton seed crushing, its quality is deteriorating and livestock was being deprived of quality food. A major crisis has arisen as the entire supply chain and stakeholders are affected, he disclosed.

By now the sale of the cotton crop should have been completed and the fields should be ready for wheat cultivation, PCGA Chairman maintained.

The ginners are not getting the best quality cotton and the ginning factories have turned into warehouses of unsold cotton. The increase in stocks has stopped the process of new purchases as the ginners are not financially able to make new purchases due to the existing stocks of cotton, he concluded.

Comments

Comments are closed for this article.