Share:ISLAMABAD - The government has set cotton intervention price at Rs 5000 per 40kg for cotton crop 2021-22 claiming it would increase its production and stabilise the prices in the country. “If prices fall below Rs 5000/40kg of seed cotton then the intervention policy will be activated” Syed Fakhar Imam said. To monitor cotton price in the country, the minister said that the Ministry of National Food Security and Research will constitute a Cotton Price Review Committee. He said primary aim of this programme is to provide quality input for cotton especially cotton seed and pesticides in addition with modernisation of ginning technology. Empirical evidence indicates that in Pakistan, cotton production increased during intervention years.

Source: The Nation August 05, 2021 02:00 UTC