LAHORE (Dunya News) – Textile mills are facing shortage of at least 40 lac cotton bales besides gas outages in the ongoing season, Dunya News reported on Friday.
Production in the ongoing season has failed to match last year’s yield
The production target set for this season was 1.54 crore bales. However, Cotton Crop Assessment Committee had lessened the target to 1.13 lac bales.
The current production status predicts that authorities might need to import at least 25 to 30 lac bales cotton.
It should be mentioned here that cotton price is continuing at Rs 5,600 per 40 Kilograms (Kg) despite reports of approaching shortage.
According to details, production in the ongoing season has failed to match last year’s yield with a margin of at least 23 percent.
According to the Cotton Ginners Forum, cotton yield in the season has been recorded at least 80 lac bales per acre which is 23 percent lesser than 2014. At least 55 lac bales per acre were sold to textile mills while 3.43 lac per acre bales were exported.
On the other hand, cotton assessment committee has decreased production target to 10.13 million bales due to unfavourable climate. Cotton Ginners Forum Chairman Ahsanul Haq said that crops in Punjab have suffered more than those in Sindh due to weather shifts.
Farmers and the forum concerned have warned the government of sliding downwards from fourth position in world ranking among cotton producing countries if adequate steps are not taken to protect crops against changing weather.