INTERNATIONAL COTTON PRICES COULD RISE THROUGH PAKISTAN’S GROWING DEMAND FOR IMPORTS
February 1st, 2016
International cotton prices are expected to rise because Pakistan is importing more than five million bales of cotton this season, mostly from India, to compensate for a 34% fall in domestic production year-on-year caused by bad weather and pests. “Due to heavy rains, not only the cotton in the fields was spoiled but the pesticides and fertilizers were also diluted, leading to pink bollworm attack,” Khawaja Tahir, chairman Karachi Cotton Association (KCA), told WTiN. For this season, cotton crops were sown last June (2015), with harvesting undertaken between ...
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