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2010-11 Cotton Imports Doubled In Pakistan.

2010/9/8 13:13:00 71

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2010-11 years in Pakistan

Cotton import

It will double the domestic production lost in the devastating floods, but it is still unable to prevent exports from falling by nearly half.

The US Department of agriculture officials in Islamabad made a forecast of 17% cotton production to 8 million 750 thousand packages in Pakistan's forecast of cotton production, which could affect 17 million people in Pakistan.

Pakistan is the fourth largest cotton producer in the world, with an area of about 7 million 500 thousand acres of cotton, mainly planted along the India River, where 1 million 100 thousand acres of erect crops have been washed away.

Pakistan's cotton imports will soar to 3 million 500 thousand packs due to the destruction of crops.

Pakistan purchases US super long velvet cotton, the number of purchases is second.

The United States Department of Agriculture said that in view of the high number of exports in Pakistan

yarn

With high quality fabrics and special domestic products, Pakistan textile industry will rely more and more on Pima cotton and pollution-free upland cotton.

However, even if the number of imports doubled, it would be difficult to prevent Pakistan's exports from falling in depth. Therefore, Pakistan's trade will be severely hit.

The United States Department of Agriculture says that in the past 50 years, the textile and garment industry is Pakistan's largest job creation industry and the largest foreign exchange earning industry.

The textile industry accounts for 52% of Pakistan's total exports last year.

The textile industry in Pakistan has about 400 factories and employs 3 million 500 thousand people.

The difficulty in Pakistan is rising cotton prices. Last week, cotton prices in New York surged to a 14 year high of 91.80 cents.

India is the second largest in the world.

Cotton production

State and consumer countries, on Saturday, India commerce minister Rahul Khullar said that cotton exports will be liberalized from October 1st, although the cotton harvest is expected to be high, but the maximum export volume will be limited to 5 million 500 thousand bales of cotton.