AIRLINK 74.00 Decreased By ▼ -0.56 (-0.75%)
BOP 5.02 Decreased By ▼ -0.04 (-0.79%)
CNERGY 4.46 No Change ▼ 0.00 (0%)
DFML 41.35 Increased By ▲ 1.62 (4.08%)
DGKC 86.95 Decreased By ▼ -0.60 (-0.69%)
FCCL 21.72 Decreased By ▼ -0.21 (-0.96%)
FFBL 34.89 Increased By ▲ 0.30 (0.87%)
FFL 9.96 Increased By ▲ 0.21 (2.15%)
GGL 10.53 Increased By ▲ 0.04 (0.38%)
HBL 113.60 Decreased By ▼ -0.19 (-0.17%)
HUBC 136.10 Decreased By ▼ -0.42 (-0.31%)
HUMNL 11.90 Increased By ▲ 1.00 (9.17%)
KEL 4.77 Increased By ▲ 0.10 (2.14%)
KOSM 4.62 Decreased By ▼ -0.02 (-0.43%)
MLCF 38.09 Decreased By ▼ -0.37 (-0.96%)
OGDC 135.85 Decreased By ▼ -0.29 (-0.21%)
PAEL 26.69 Increased By ▲ 0.08 (0.3%)
PIAA 20.80 Decreased By ▼ -1.69 (-7.51%)
PIBTL 6.72 Increased By ▲ 0.05 (0.75%)
PPL 122.80 Increased By ▲ 0.51 (0.42%)
PRL 27.00 Increased By ▲ 0.03 (0.11%)
PTC 14.52 Increased By ▲ 0.61 (4.39%)
SEARL 60.15 Increased By ▲ 0.28 (0.47%)
SNGP 70.30 Increased By ▲ 0.24 (0.34%)
SSGC 10.36 Increased By ▲ 0.01 (0.1%)
TELE 8.60 Increased By ▲ 0.06 (0.7%)
TPLP 11.23 Decreased By ▼ -0.11 (-0.97%)
TRG 65.39 Decreased By ▼ -0.61 (-0.92%)
UNITY 26.15 Decreased By ▼ -0.18 (-0.68%)
WTL 1.35 No Change ▼ 0.00 (0%)
BR100 7,852 Increased By 27.7 (0.35%)
BR30 25,412 Increased By 6.4 (0.02%)
KSE100 75,234 Increased By 149.9 (0.2%)
KSE30 24,162 Increased By 68.3 (0.28%)

The Cotton Crop Assessment Committee (CCAC) Tuesday revised the cotton production estimates downward by over 12 percent to 13.59 million bales against the initial estimate of 15.49 million bales for the current season (2015-16), after heavy rains and floods damaged the crop. The meeting of CCAC was held with Amir Marwat federal secretary ministry of textile industry in the chair to assess the volume of current cotton crop in the country.
Representatives of provincial governments of Sindh and Punjab, Plant Protection Department, Trading Co-operation of Pakistan (TCP), cotton growers, All Pakistan Textile Mills Association (APTMA) and Pakistan Central Cotton Committee (PCCC) attended the meeting. Dr Khalid Abdullah, cotton commissioner presented an overview of cotton production in the country including challenges faced by cotton crop especially lower prices, high input cost, rains and floods that damaged cotton crop.
The Federal Committee on Cotton (FCC) had set cotton target for 2015-16 at 15.49 million bales from 7.7 million acres. Punjab was projected to produce 10.5 million bales from 6 million acres; however it missed the sowing target and grew cotton on 5.6 million acres registering a decline of about 6 percent. The recent monsoon rains and floods affected cotton crop on about 0.9 million acres and CCAC revised the production estimate downward to 9.3 million bales.
Sindh was projected to produce 4.4 million bales from 1.6 million acres. The sowing was on 1.4 million acres thereby missing the target by 10 percent. After the recent rains and floods the production estimate was revised downward to 3.7 million bales as standing crops on about 0.3 million acres were damaged. Balochistan was projected to produce 0.59 million bales from 0.1 million acres and Khyber Pakhtunkhawa 0.00152 million bales from 0.001 million acres, with no significant changes. Representatives of the provincial government explained the methodology for crop assessment and informed the meeting about the crop estimates.
Member representing APTMA maintained that the assessment is realistic and the ground realities are very close to the forecast. Cotton growers emphasised the need for price intervention by the government in a way that benefits growers directly. Secretary, MinTex, stated that cotton crop size is assessed on the basis of data provided by provincial governments, yield parameters of cotton. The next CCAC meeting to make a second assessment will be held after 3-4 weeks.

Copyright Business Recorder, 2015

Comments

Comments are closed.