Pakistan: Cotton and Products Update

Despite lower area, 2021/22 production is forecast to reach 5.3 million bales, an 18 percent increase over the disappointing 2020/21 crop. Cotton demand from the textile sector remains robust, and domestic use and imports are a bit higher from the previous report. Imports for 2021/22 are projected to be a record 5.6 million bales. In August 2021, in a bid to stabilize prices and incentivize producers, the Ministry of Food Security and Research announced a new policy to intervene if cotton prices fall below Rs. 5,000/40kg ($781/ Ton).