PAKISTAN: Cotton production falls 7pc
PAKISTAN: Cotton production falls 7pc

PAKISTAN: Cotton production falls 7pc

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KARACHI: The overall cotton production fell 6.84 per cent to 10.762 million bales as of March 15 from 11.5m in the corresponding period last year, according to latest figures released by the Pakistan Cotton Ginners Association (PCGA) on Monday.

Slow phutti arrivals is a strong indicator that the crop is unlikely to exceed the 10.8m-bale-mark when the season ends in April.

The fortnightly figures for March 1-15 showed that only 21,263 bales were produced as against 27,671 in the same period last season recording a shortfall of 6,408 bales.

Prime Minister Imran Khan has directed concerned government departments to ensure higher production at 15m bales but so far, no incentives have been announced to encourage cultivation.

Source: dawn.com

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