business

September 13, 2018

Cotton output falls 25pc to 10.8mln bales in 2018/19

LAHORE: Cotton production is estimated to fall 25 percent short of its target of 14.37 million bales in the current season as water shortage and pest attacks have squeezed the crop yields –signaling hard time ahead for the already struggling economy that is heavily reliant on fibre.Official data on Wednesday revealed that cotton output for 2018/19 is estimated at 10.847 million bales as water shortage and cotton leaf curl virus held back overall gains of areas under cultivation.The data...