Against the annual estimated consumption of minimum 12 million bales, the Ministry of National Food Security and Research expects only 7.7 million bales production this year. Surprisingly, the All Pakistan Textile Mills Association (Aptma) is exerting pressure on the government not to allow cotton and yarn import from India. In an appeal to Dawood, Aptma said that the import of yarn from India will directly impact cotton prices in Pakistan. “The cotton sowing season is currently starting in Pakistan and the predicted drop in cotton price owing to import of yarn from India is approximately 10-15%, discouraging farmers not to sow cotton,” according to the Aptma. The delay in yarn import can pose risk to timely deliver the export orders.

Source: The Express Tribune February 28, 2021 03:22 UTC