Pakistan Will Import &Nbsp; 100&Nbsp; 10000 Bales Of Cotton From India.

　　 Pakistan The spinning factory has signed 1 million cotton packs and agreements with India exporters, which are generally flooded because of floods in Pakistan.

All Pakistan Spin Mohamed Ake Baer Akber, vice president of APTMA, said that because of the disruption of the domestic supply chain, the spinning mill is importing cotton from the cotton producing countries. (Mohammad)

Ake Baer said that the floods triggered by the storm may have destroyed 2 million 500 thousand to 3 million bales of cotton in Pakistan (1 packets of 170 kg).

Because the floods in Sindh are still raging, it is hard to say how big the losses are. However, the insurance point presumption that domestic output will not exceed 11 million packages.

　　 Cotton yield The loss means that the textile industry has to import 4 million bales of cotton this year to meet its needs.

Gohar Ejaz, President of Punjab APTMA, urged the government to immediately increase imports, import at least 2 million bales of cotton from the United States and postpone payment through Pakistan trading company.

Ake Baer said that the spinning mill is facing a shortage of cotton. In the past few months, due to restrictions on cotton yarn exports, they could not import cotton.

"If the government allows the free market mechanism to function smoothly, the spinning mill will not face the present passive situation," he said.

He said that because of the shortage of cotton, most of the spinning plant's start-up rate is lower than the installed capacity.

The loss of cotton in Pakistan has led the market to worry that global cotton prices may skyrocket, because global cotton supply is lower than consumer demand.