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Recent floods damaged an estimated 80,000 hectares of cotton area, a small fraction of Pakistan’s 3.1 million hectares of cotton.
The Government of Pakistan has announced a seed cotton support price of 34 cents per pound for the upcoming harvest, a significant increase over the prevailing farm price of 26 cents per pound.
In recent years, India’s exports have demonstrated phenomenal growth – especially to developing countries, which now account for nearly 80 percent of Indian exports.
For the fifth consecutive year, flooding is occurring in Pakistan as crops are ready for harvest.
Pakistan’s 2014/15 cotton production is forecast 500,000 480 lb bales higher at 10.0 million bales.