Production of cotton has seen 15-year low after a 34 percent plunge owing to humidity, rains and intense temperature.
Accordint to Cotton Ginners Forum Chairman Ahsanul Haq, at least 92 lac bales have been produced across the country in the ongoing season. Textile industries have purchased at least 41 lac bales due to the lower production.
The total number of bales purchased stands at 72.71 lacs.
Ahsanul Haq said, Rains among other factors have severely affected the crop. Export sales have also fallen to 3.55 lacs from the previous 36,000 bales.