Impeding Floods Drown Pakistan’s Cotton Exports
http://www.fibre2fashion.com/industry-article/29/2872/impeding-floods-drown-pakistanscotton-exports1.asp Article Abstract:
The heavy flood that swamped through the cotton fields of Pakistan, threatened the commodity’s production causing it to slump. Incessant downpour has damaged the fields in Piplan Layyah, Mianwali, and Mithankot. Regions in the Central Punjab such as Rajanpur, Lyia, Rahimyar Khan, and DG Khan were seriously affected losing thousands of bales of cotton crop. Areas of Ghotki, Daherki, Sukkar, and Naushehro Feroz, Bhakkar, Jhang, Shorkot, and Mianwali were also affected by floods. Traders expect a relief package to cotton farmers and compensation for the ginners for losses incurred due to flood. Estimates state that losses due to rain are marked about 1.5 million bales. There is also no guarantee that the remaining cotton in fields will have good quality. Villages, crops, cattle, and people, being washed away by the flooding waters, Pakistan is now facing unprecedented crisis. This has not only jeopardized the cotton crops, but also the national economy. Textile made-up exporters and manufacturers are positively expecting to get cotton on easy terms. Industry analysts predict that, despite formal permission not being given, EU, and US might allow free access of textile products from Pakistan. Read More about Impeding Floods Drown Pakistan’s Cotton Exports at Fibre2fashion