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Business

September 19, 2015
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Cotton production target revised down to 13.3 million bales

Business

September 19, 2015

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KARACHI: Cotton growers and government officials say this year's crop, vital to the country’s fragile economy, may yield only 13.3 million bales (170-kilogram each), far short of the earlier estimate of 15.5 million.
"Second meeting of the cotton crop assessment committee revised down production estimate to 13.3 million bales," Haji Hafeez Anwar, chairman of Pakistan Cotton Ginners Association (PCGA) said on Friday.
Growers, however, reported a 20 percent dop in production in the first three months of the season.
Earlier, in the beginning of September, the government had revised down production estimates due to rain and floods in the country. The decreased production estimate was 13.59 million bales from the initial target of 15.49 million bales set before sowing started in April. Accordingly, the production was to be 14 percent short from the target.
Cotton is one of the few major crops of Pakistan. This, along with value added textile products, helped attract more than 50 percent export proceeds last year (FY15). Pakistan Bureau of Statistics reported textile exports at $13.72 billion against the total export proceeds at $25.10 billion in the fiscal year ended June 30, 2015.
Rain and floods damaged crops in the areas including Layyah, Muzafar Garh, Rahim Yar Khan, DG Khan, and Rajan Pur District in DG Khan Division in Punjab, and Larkana, Shikarpur, Khairpur, Badin, Sanghar, Benazirabad, and Hyderabad in Sindh, it was learnt.
Anwar added PCGA has reported 20 percent low production in the first three months of the season due to missing of sowing targets. "Growers failed to meet cotton seed sowing target due to the prolonged winter season," he said.
He said cotton is grown in hot weather, whereas wheat is grown in colder temperatures. The wheat growers did not harvest the crop last winter, as they had assumed that the prolonged winter would help them get higher yield.
Cotton Crop Assessment Committee (CCAC) reported earlier that

Punjab was projected to produce 10.5 million bales from six million acres; however it missed the sowing target and grew cotton on 5.6 million acres registering a decline of about six percent. The recent monsoon rains and floods affected cotton crop on about nine million acres and CCAC revised the production estimate downward to 9.3 million bales.
Sindh was projected to produce 4.4 million bales from 1.6 million acres. The sowing was on 1.4 million acres thereby missing the target by 10 percent. After the recent rains and floods, the production estimate was revised downward to 3.7 million bales as standing crops on about 0.3 million acres were damaged, the assessment committee said.
Balochistan was projected to produce 0.59 million bales from 0.1 million acres and Khyber Pakhtunkhawa 0.00152 million bales from 0.001 million acres, with no significant changes, the committee added.
PCGA added out of total 2.19 million bales (of 155 kilogram each) produced in the current season, 1.66 million bales were bought by textile mills, and 193,976 bales were bought by exporters.
The CCAC added that 585 ginning factories have resumed operations in the current season out of over 1,100 factories nationwide. Almost all the factories would come into operation in October when cotton harvesting would be in full swing, a broker at KCE said.

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