Now they need to import even more cotton to wear
Yawn - Cotton production plunges over 33pc
Yawn - Cotton production plunges over 33pc
Phutti or raw cotton arrivals registered a significant drop of over 33 per cent as of Dec 31, 2024, compared to the same period of the previous year, reveals the data released by the Pakistan Cotton Ginners Association (PCGA) on Friday.
The decline in phutti arrivals rings an alarm bell for the national economy, textile industry and financial stability of farmers because the country will need to import cotton worth over $2 billion to meet the needs of the domestic textile sector.
Statistics: Posted by Manish_P — 04 Jan 2025 20:21