AIRLINK 189.64 Decreased By ▼ -7.01 (-3.56%)
BOP 10.09 Decreased By ▼ -0.05 (-0.49%)
CNERGY 6.68 Decreased By ▼ -0.01 (-0.15%)
FCCL 34.14 Increased By ▲ 1.12 (3.39%)
FFL 17.09 Increased By ▲ 0.44 (2.64%)
FLYNG 23.83 Increased By ▲ 1.38 (6.15%)
HUBC 126.05 Decreased By ▼ -1.24 (-0.97%)
HUMNL 13.79 Decreased By ▼ -0.11 (-0.79%)
KEL 4.77 Increased By ▲ 0.01 (0.21%)
KOSM 6.58 Increased By ▲ 0.21 (3.3%)
MLCF 43.28 Increased By ▲ 1.06 (2.51%)
OGDC 224.96 Increased By ▲ 11.93 (5.6%)
PACE 7.38 Increased By ▲ 0.37 (5.28%)
PAEL 41.74 Increased By ▲ 0.87 (2.13%)
PIAHCLA 17.19 Increased By ▲ 0.37 (2.2%)
PIBTL 8.41 Increased By ▲ 0.12 (1.45%)
POWER 9.05 Increased By ▲ 0.23 (2.61%)
PPL 193.09 Increased By ▲ 9.52 (5.19%)
PRL 37.34 Decreased By ▼ -0.93 (-2.43%)
PTC 24.02 Decreased By ▼ -0.05 (-0.21%)
SEARL 94.54 Decreased By ▼ -0.57 (-0.6%)
SILK 0.99 Decreased By ▼ -0.01 (-1%)
SSGC 39.93 Decreased By ▼ -0.38 (-0.94%)
SYM 17.77 Decreased By ▼ -0.44 (-2.42%)
TELE 8.66 Decreased By ▼ -0.07 (-0.8%)
TPLP 12.39 Increased By ▲ 0.18 (1.47%)
TRG 62.65 Decreased By ▼ -1.71 (-2.66%)
WAVESAPP 10.28 Decreased By ▼ -0.16 (-1.53%)
WTL 1.75 Decreased By ▼ -0.04 (-2.23%)
YOUW 3.97 Decreased By ▼ -0.03 (-0.75%)
BR100 11,814 Increased By 90.4 (0.77%)
BR30 36,234 Increased By 874.6 (2.47%)
KSE100 113,247 Increased By 609 (0.54%)
KSE30 35,712 Increased By 253.6 (0.72%)

Cotton production is likely to fall short of the target as the arrival at the ginneries as on January 31 was recorded at 9.2 million bales against 8.9 million bales of January 15.
The ginners expect around 0.3 million bales more in February, the last month of the picking season, which can take the total to 9.5 million bales. The Pakistan Cotton Ginners Association (PCGA) is expected to announce the production figure on February 18.PCGA Vice Chairman Haji Ibrahim said that the arrival figures were vindictive of ginners' point of view, who contested the official estimates at an earlier stage and estimated crop production at 9.5 million bales.
The ginners were of the view that the officials always depend on paper exercises, while making projections for any crop.
The Federal Committee on Agriculture (FCA) had set a target of 10.5 million cotton bales for the current year. This was strongly opposed by the ginners and growers on the ground that the official estimates were unachievable in the wake of shrinking crop sowing area and intense pest attacks.
This created controversy between various stakeholders of cotton sector over crop volume for the current year.
The officials of the Food Ministry and other concerned departments kept on repeating their claim that the crop volume would be over 10 million bales, as its prospects were much bright, but they secretly scaled down crop target from 10.5 to 10 million bales.
The ginners who expected cotton production for the current season between 9.5 and 9.6 million bales rejected the officials revised estimate.
Ibrahim said that acceptance of ginners point of view regarding crop volume could avoid controversy between different parties to the issue. He said availability of reliable data on cotton production and consumption could help in giving true picture of the entire sector.

Copyright Business Recorder, 2004

Comments

Comments are closed.