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Weekly Review of Pakistan Cotton MarketCotton rates held steady last week amid improvement in trading activities, though there was volatility in the international cotton markets. The spot rate committee of the Karachi Cotton Association increased the spot rate by Rs 600 per head and closed it at Rs 19,300 per head. Naseem Usman, president of the Karachi Cotton Brokers Forum, said that cotton prices were volatile in the international cotton market.  Cotton sowing has partially started in many cotton growing areas of Sindh province. The price of cotton in Sindh ranges between Rs 17,000 to Rs 20,000 per head. The rate of footi is 6 thousand to 8 thousand rupees per 40 kg. The rate of cotton in Punjab is Rs 18,000 to Rs 20,000 per head, while the rate of futi is Rs 6,500 to Rs 8,400 per 40 kg. However, the prices of khal, banola and oil remained stable.

Pink bollworm management a big challenge: Cotton expertsTwo day Annual Group Meeting 2022-23 on Cotton inaugurated at PAUThere is a need to accelerate the process of development of cotton varieties, especially in cotton hybridization program focusing on Bt genes, larger boll size, resistance to diseases and mechanical harvesting. This was stated by Dr. TR Sharma, Deputy Director General, Crop Science, Punjab Agricultural University (PAU).The Indian Council of Agricultural Research (ICAR) inaugurated the two-day Annual Group Meeting 2022-23 of the All India Coordinated Research Project on Cotton (AICRP) at Punjab Agricultural University (PAU). Agriculture experts from PAU along with representatives from various State Agricultural Universities and ICAR Institutes participated in the inaugural session.Describing the universities as an important medium for releasing technology to the farmers, the ICAR expert stressed on increasing the income of the farmers through cotton lint or edible oilseeds. Dr Sharma said, “Since its introduction in 2002, Bt cotton has been playing a very important role and efforts need to be made to popularize Bt cotton varieties/hybrids and develop technologies for cotton improvement. Needed." Pointing out the issue of low cotton production and productivity, Dr. Sharma assured to release some varieties for High Density Planting System (HDPS).Former chairman of the Agricultural Scientists Recruitment Board, Dr. CD Mayi, who worked in PAU 50 years ago, stressed the need for private companies to be associated with universities for the development of Bt cotton hybrids. Calling for addressing the problem of waterlogging in cotton cultivation, he said, "In North India cotton is suffering due to excess water, while in South India it is suffering due to less water." Impressing the development of HDPS hybrids of cotton, Dr. Mayi reiterated the need for integration of public-private partnership in this direction.Director, ICAR-Central Institute for Research on Cotton Technology, Mumbai, Dr. S.K. Shukla also expressed concern over the difficulties faced during cotton harvesting and called upon the breeders to come up with HDPS hybrids as a solution. Dr. Shukla also discussed in detail the quality of cotton fiber and the parameters being adopted by the spinning industry.Informing about the provision of 33 per cent seed subsidy to the cotton growers of Punjab in the current crop season, he said that the intervention of Bt cotton is a big success. Although the whitefly wreaked havoc on cotton growers in 2015, the pest was successfully controlled through the collective efforts of researchers, extension workers and administrators.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Domestic-cotton-production-pakistan-decade%20low-textile-production-export-clothing

Domestic cotton production in Pakistan at four-decade low Cotton crop is down a whopping 34 per cent this year from 7.44 million bales last year, mainly due to devastating summer floods in Sindh and southern Punjab, where this industrial crop is mostly grown. Production in Pakistan has come down to a four-decade low of 4.9 million bales in 2023. According to Pakistan-based Dawn, this has added to the country's deep economic crisis.Cotton production in Pakistan's Sindh has decreased by 46 per cent, with Punjab recording a decline of 32 per cent, forcing the textile industry to import large quantities. According to Dawn, several factors are responsible for the poor cotton harvest year after year, ranging from pests and diseases, erratic weather patterns and water scarcity to poor seed quality, low yield per acre and large reduction in area under cultivation Is.Textiles and clothing exports have suffered significantly over the past decade, with average annual production coming in at almost half of what the textile industry actually needs. Besides, the import of cotton, which is a major driver of the economy, is adding to our balance of payments problem.Textile exports fell by nearly a third during the first eight months of the current fiscal due to a slump in global demand and local fiber shortages. The industry has invested billions of dollars in technology replacement by spinners, its future competitiveness largely dependent on the increased availability of domestic cotton. After touching a high of 11.1 million bales in 2004-05, the economy is facing several challenges due to a steady decline in production over the past few decades.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Rises-pakistan-spot-rate-cotton-maund-karachi-cotton-association-committee-increased

Pakistan's cotton spot price rises by Rs 300 per maund The spot rate committee of the Karachi Cotton Association (KCA) on Thursday increased the spot rate by Rs 3,00 per head and closed it at Rs 19,300 per head. The local cotton market remained stable and there was a slight improvement in the trading volume. Cotton analyst Naseem Usman told that the price of cotton in Sindh is 17 thousand to 20 thousand rupees per head.  The rate of cotton in Punjab is Rs 18,000 to Rs 20,000 per head. The rate of footi in Sindh ranges from Rs 5,500 to Rs 8,300 per 40 kg. The rate of footi in Punjab ranges from Rs 6,000 to Rs 8,500 per 40 kg. Dherki in 1200 bales was sold at Rs.20,000 per head, Rahim Yar Khan in 1001 bales at Rs.18,500 to Rs.19,800 per head, Multan in 100 bales at Rs.19,350 per head and Haroonabad in 400 bales at Rs.19,000 per head.The spot rate committee of the Karachi Cotton Association (KCA) increased the spot rate by Rs 3,00 per head and closed it at Rs 19,300 per head. Polyester fiber was available at Rs 373 per kg.

Cluster idea for cotton and food sector in KhargoneThe District Industries and Trade Center (DITC) has identified about 14 hectares in Khargone to develop a cluster for small and medium-sized industries. DITC is considering to develop industrial area in Khargone district for food and cotton sector. Khargone district already has six Government Industrial Areas including Nimrani, Khargone, Bikangaon and Barwah.Kailash Agarwal, president of the Madhya Pradesh Association of Cotton Processors and Traders, said, “This is the cotton belt of the state and is home to hundreds of ginners and cotton-related industries. Local industries are looking for areas that have basic amenities and help from the government to expand operations so that they can compete with other states.Atmaram Soni, general manager of Khargone DITC, said, “We have seen the land and have started the process of transfer. We are in talks with some industrialists and associations to set up factories in Khargone district for manufacturing food related items. “Upon completing the official formalities, we are planning to develop small plots for bakeries, toast and other food items manufacturers in the cluster. Another cluster planned on the new land would be for cotton ginning units,” said Soni.The Ministry of Micro, Small and Medium Enterprises is also developing a food park at Sanawad in about 9 hectares, the cluster is expected to have about 70 industrial plots for SMEs. The estimated cost of development of food cluster at Sanawad is around Rs 10 crore. Industry associations and local industries have urged the MSME department to develop industrial land for micro and small scale industries.

Telangana emerges as the third largest cotton producer in IndiaTelangana state government's measures to boost cotton production have yielded positive results as the state has emerged as the top cotton producer in South India and third largest in the country after Gujarat and Maharashtra. In 2020-21, Telangana produced 57.97 lakh bales of cotton, and in 2021-22, it produced 48.78 lakh bales of cotton.Apart from production, Telangana was also the second leading state in terms of labor rate paid to cotton workers. Telangana pays Rs 98.36 per hour, while Kerala pays Rs 117.88 per hour. In contrast, states like Gujarat and Karnataka pay Rs 35.16 and Rs 49.35, respectively.Responding to a question by BRS MP Manne Srinivasa Reddy, Union Minister of State for Textiles Darshana Zardosh said in the Lok Sabha on Wednesday that India is a pure cotton exporting country, where production is more than consumption. Keeping in view the interests of the entire cotton value chain including cotton farmers, the Central Government has put cotton exports under Open General License (OGL).The Union Minister said that the Ministry of Agriculture through ICAR-CICR, Nagpur has developed a master plan titled 'Targeted technologies for agro-ecological zones-Large scale demonstration of best practices for increasing cotton productivity' and for 41.87 crore has been sanctioned. The project aims to target technologies such as High Density Planting System (HDPS), close spacing and production techniques for ELS cotton approved by the Department of Agriculture and Farmers Welfare (DoA&FW).The Central Government has also issued a Quality Control Order (QCO) on February 28, 2023 for mandatory certification of cotton bales to increase the supply of good quality cotton.

Rupee strengthened by 33 paise against dollarThe rupee strengthened by 33 paise to close at Rs 82.00 against the dollar this evening.Sensex up 583 pointsToday the stock market closed with a boom.Today, where the Sensex closed at a level of 59689.31 points with a gain of about 582.87 points.On the other hand, the Nifty closed at the level of 17557.00 points with a gain of 159.00 points.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Strong-trend-continues-market-import-intrenational-pakistan-cotton-ginner-association

Strong trend continues in Pakistan's cotton market The local cotton market remained stable on Tuesday with a marginal improvement in the trading volume. Cotton analyst Naseem Usman told that the price of cotton in Sindh is 17 thousand to 20 thousand rupees per head. The rate of cotton in Punjab is Rs 18,000 to Rs 20,000 per head. The rate of footi in Sindh ranges from Rs 5,500 to Rs 8,300 per 40 kg. The rate of footi in Punjab ranges from Rs 6,000 to Rs 8,500 per 40 kg.Data collected by the Pakistan Cotton Ginners' Association (PCGA) shows that Pakistan produced 4,912,069 bales of cotton as against 7,441,833 in the 2021-22 season, up 2,528,764 bales or 34 per cent year-on-year, as of March 31, 2023. Losses decline.The reduced production would eventually lead the textile industry to import around 10 million bales. Mill consumption in the year 2022-23 is also recorded at 8.8m bales, the lowest in 20 years, mainly due to severe import financing issues.There are reports that textile mills have signed import agreements for 5.5 million bales so far, while they have procured 4,605,449 bales from the local market. Last year, mills had procured 7,332,000 bales from the domestic market. According to ginners, they still have a stock of 301,720 bales as against last year's 93,833 bales.Interestingly, despite strong demand in the international markets, only 4,900 bales of white lint could be exported this year as against last year's figure of 11,000 bales, a drop of over 69 per cent. Province-wise, Punjab reported a year-on-year decline of over 32 per cent in production as it produced 3,033,050 bales this season as against 3,928,690 bales in the previous season.The spot rate remained unchanged at Rs 19,000 per head. The rate of polyester fiber was increased by Rs 10 and was available at Rs 373 per kg.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Tajikisan-bci-sustainable-cotton-production-mou

BCI signs MoU with Tajikistan to support sustainable cotton productionThe Better Cotton Initiative (BCI) has signed a memorandum of understanding with the Ministry of Agriculture of Tajikistan to further support the production of more sustainable cotton across the Central Asian country. The MoU was signed at the recently held Tajikistan Investment and Development Forum in London by Better Cotton Director, Rebecca Owen, and Tajikistan's Minister of Agriculture, HE Qurban Khakimzoda.It establishes that Better Cotton and the Ministry will develop a strategic roadmap for more sustainable cotton production in Tajikistan in accordance with the Better Cotton Standards System, taking into account the requirements of the global market. It aims to prioritize the expansion of more sustainable cotton production with a focus on both environmental and social consequences. In particular, improvement in cotton fiber quality, farmer welfare and overall agricultural sustainability are in scope.Based on the collaboration, both sides will conduct nationwide outreach and awareness activities to promote the benefits of more sustainable growing practices, while adopting practical innovations will be explored to determine how domestic farmers can improve . The organization says that fundamental to this change will be the availability and allocation of financial resources. To this end, Better Cotton states that it will work with the ministry to identify new sources of funding and investment that can unlock new opportunities in the country's cotton sector.Rebecca Owen, said: "This MoU will create opportunities to improve livelihoods, welfare and market access for cotton farming communities." Better Cotton says its program in Tajikistan has already shown results. In the 2019-2020 cotton season, synthetic fertilizer use among improved cotton farmers was 62% lower than comparison farmers, while yields were 15% higher.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Hiked-pakistan-spot-rate-cotton-head-kca-closed-committee-market

Cotton sowing started in Muktsar, fearing loss, most of the farmers turn towards paddyRain-affected farmers in Muktsar may abandon cotton for paddy as the cost of the cash crop is high, paddy is safe.The inclement weather has worried the cotton growers of the district, who are looking to dump this cash crop in favor of paddy. According to them, cotton sowing is more labor intensive and costs more and in case of its failure, they will suffer huge losses. Cotton sowing has started in the region and will continue till mid-May. Since wheat harvesting has been delayed due to recent rains, farmers who have harvested mustard are now sowing cotton.Farmer Jagjit Singh, who visited the district administrative complex to know the status of Girdawari of his damaged wheat crop, said the weather remained unpredictable this time. “We have already suffered losses due to the failure of the wheat crop. If the weather remains uncertain, we will have to turn to paddy again."Meanwhile, it rained again in some parts of the district today. Muktsar Chief Agriculture Officer Gurpreet Singh said that cotton sowing has started. Last year, against the target of 45,000 hectares, the crop was sown in 33,000 hectares in the district. This year we will try to increase the area under this crop while some farmers want to stick to paddy. But the soil is suitable for cotton and farmers will definitely opt for it.”👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Hiked-pakistan-spot-rate-cotton-head-kca-closed-committee-market

Pakistan cotton spot rate hiked by Rs 300 per headThe spot rate committee of the Karachi Cotton Association (KCA) on Monday increased the spot rate by Rs 3,00 per head and closed it at Rs 19,000 per head.The local cotton market remained stable and there was a slight improvement in the trading volume. Cotton analyst Naseem Usman told that the price of cotton in Sindh is 17 thousand to 20 thousand rupees per head. The rate of cotton in Punjab is Rs 18,000 to Rs 20,000 per head. The rate of footi in Sindh ranges from Rs 5,500 to Rs 8,300 per 40 kg.The rate of footi in Punjab ranges from Rs 6,000 to Rs 8,500 per 40 kg. The rate of polyester fiber was increased by Rs 5 and was available at Rs 363 per kg.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Restored-pakistan-demand-textile-industry-energy-ampta-tcp-rated-zero