Pakistan still needs to import a large amount of raw cotton
According to a report by Pakistan’s “Dawn” on January 6, the current raw cotton production in Pakistan is still not optimistic. The domestic inventory can no longer meet the consumption of the cotton textile industry for two months. In the 2016/17 fiscal year, a large amount of raw cotton will still be imported. It is expected that Domestic production is about 10.54 million bales, and about 4.5 million bales need to be imported to make up for the demand gap.
The chairman of the All Pakistan Textile Association pointed out in an interview that Pakistan was once the third largest producer of raw cotton in the world, but now it has become an importing country for two consecutive years. Cotton imports mainly have two trade channels, land and sea, but the government has now Land imports are prohibited, saying that open trucks are used for land imports, which can easily introduce cotton diseases and insect pests during transportation. With only sea shipping channels remaining, the production cost of Punjab’s cotton textile industry will further increase due to its inland location. The All Pakistan Textile Association called for The government will cancel the 4% tariff on raw cotton imports as soon as possible to reduce the burden on the cotton textile industry. Pakistan still needs to import a large amount of raw cotton
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