Monday, December 23, 2024
Home News Cotton Production to Exceed 10 Million Bales

Cotton Production to Exceed 10 Million Bales

The cotton export season has commenced on a promising note, as the ginning industry has already secured early orders for 600 tons of cotton. According to Ihsanul Haq, the Chairman of the Cotton Ginners Forum, a prominent cotton ginner from Sindh has successfully finalized export orders to Indonesia and Vietnam, with shipments scheduled for early August. This positive development, as reported by Express Tribune, signifies a potential breakthrough for the cotton industry and brings relief to the textile sector.

Ihsanul Haq further elaborated that Pakistan’s cotton production is anticipated to exceed 10 million bales in the upcoming year, assuming favorable weather conditions persist. This forecast highlights the growing potential of the cotton industry and raises hopes for its future prospects.

However, it is important to acknowledge that the delayed procurement by ginners is contributing to an increase in cotton prices. Currently, prices stand at Rs. 17,500 per 40kg in Sindh and Rs. 17,000 per 40kg in Punjab. Additionally, the fluctuating dollar exchange rate may have further implications for prices in the days to come, as cautioned by Ihsanul Haq.

Notably, the quality and quantity of cotton have shown remarkable improvement compared to the previous year. This improvement can be attributed to favorable environmental conditions characterized by lower rainfall and warmer temperatures in coastal Sindh. As a result, the industry has received early orders and is poised to achieve record-breaking exports.

Ali Haider
Tech enthusiast captivated by innovation, with a heart full of love for majestic ice bears.

Most Popular

Mardan Board Matric Part 2 Annual-II Exams 2024 Results

The educational landscape of Mardan is characterized by a blend of excitement and ambition as the Board of Intermediate and Secondary Education...

Abbottabad Board 10th Grade 2nd Annual Exams 2024 Results

As the school year approaches its end, Board of Intermediate and Secondary Education Abbottabad takes center stage in overseeing the crucial BISE...

BISE Swat SSC Part 1 Annual-II Exams 2024 Results

As the academic year in Swat's dynamic educational environment came to a close, it heralded a significant moment—the announcement of the results...

BISE Peshawar 9th Class 2nd Annual Exams Results 2024

The conclusion of the BISE Peshawar Matric Part 1 Annual-II Exams 2024 marks a significant milestone in the educational landscape of the...

Recent Comments