Pakistan: Cotton and Products Update 2014

Pakistani cotton is currently among lowest-priced cotton in the world. Farmers, who had hoped to benefit from the government’s intervention program, have delivered large volumes of cotton to gins over the past month as they prepare for wheat planting. Procurement under the intervention program has reportedly been less than 20,000 170 kg bales, compared to an announced purchase amount of 1.0 million 170 kg bales. Despite the surge in arrivals, the production estimate is unchanged at 9.8 million bales of 480 lbs. Imports and exports are typically subdued during the first part of the marketing year, more clarity about future trade volumes should emerge in January. 

Pakistan: Cotton and Products Update 2014