PAKISSAN.com; Connecting Agricultural Community for Better Farming; Pakistan's Largest Agri Web Portal
 



.
Connecting Agri-Community for Better Farming

 

Search from the largest Agri Info Bank

 

Pakissan Urdu

1
   

 -->

  Bookmark and Share

Pakissan.com;

News Channel
Minister sees bright chances of good cotton price
Sunday, July-16-2017

Multan
 
Punjab Minister for Agriculture Naeem Akhtar Khan Bhabha Monday said there were bright chances of fixation of good price of cotton crop this year. He said cotton produced at home was also insufficient to meet the demand of textile sector.
 
While talking to a delegation of farmers, the minister said that the world expects 22.9 million tonnes of cotton production this season whereas the consumption has been assessed at 24.3 million tonnes, said a press release issued by the media liaison unit of Punjab Agriculture Department.
 
He said Bangladesh and Vietnam are expected to witness five per cent increase in cotton utilisation this year.
 
Bhabha disclosed that according to international cotton advisory, average price of a maund of cotton would be over Rs 3,500. To keep the prices stable in the domestic market, the provincial government was trying to get the cotton export banned during the cotton harvest season, he added.
 
He said that there were chances of reduction in cotton production in India and USA due to weather changes.
 
He further stated cotton area has also been reduced to some extent in China adding that it may compel China to increase its cotton imports by 10 per cent. He said that China want to import cotton from Pakistan.
 
Bhabha said the Punjab government was spending Rs 335.82 million to improve the quality and production of cotton in Punjab.
 
He urged farmers to improve quality and per acre production of cotton to attract premium price from the lucrative international markets.—APP

Courtesy Pakistan Observer
 

Main Page | News  | Global News  |  Issues/Analysis  |  Weather  | Crop/ Water Update  |  Agri Overview   |  Agri Next  |  Special Reports  |  Consultancies
All About   Crops Fertilizer Page  |  Farm Inputs  |  Horticulture  |  Livestock/ Fisheries
Interactive  Pak APIN  | Feed Back  | Links
Site Info  
Search | Ads | Pakissan Panel

 

2001 - 2017 Pakissan.com. All Rights Reserved.