LAHORE: The new season of cotton 2021-22 has started on Monday; Up till now 800 bales were prepared.

Chairman Karachi Cotton Brokers Forum Naseem Usman told Business Recorder that new season of cotton has started in the country from June 1. 400 bales of cotton has been delivered from the ginning factory of Tandoo Adam and 100 bales of cotton were prepared in the ginning factory of Sanghar. A ginning factory of Burewala has delivered 200 bales of cotton from the Phutti of Sindh. Up till now 800 bales of cotton were prepared from the Phutti of new season of 2021-22.

Naseem told that Federal Agriculture Committee has set the target of production of one core five lac bales will be produced in the country. An office bearer of Ministry of National Food Security and vice chairman Pakistan Central Cotton Committee Dr Muhammad Ali Talpur told Chairman Karachi Cotton Brokers Forum Naseem Usman told that cotton will be cultivated on fourty lac acres in Punjab while in Sindh it will be cultivated on seventeen lac acers. Cotton will be cultivated in Balochistan and Khyber Pakhtoon Kha on three lacs. Up till now sowing will be completed on 65 % to 70 % area.

The rate of Phutti in Sindh is in between Rs 6000 to Rs 6200 per 40 kg. The rate of Banola is in between Rs 2400 to Rs 2500 per maund.

Copyright Business Recorder, 2021