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In its fortnightly report, the Pakistan Cotton Ginners Association has said that the country’s cotton production plummeted by 34.35pc to 5.571 million bales up to Jan 31 against 8.487m bales produced in the same period of last year.
In the meantime, talking about the deficit of 2.9 million bales and the terrible situation, textile industry representatives said poor yield could wear down feasibility of the export-oriented textile sector, which has 55 to 60pc contribution in overall exports of the country.
Cotton expert and chairman of the Cotton Brokers Forum Nasim Usman said: “This is the lowest cotton production in 30 years which is alarming for the textile sector as well as for exports.”
Both Punjab and Sindh have reported a substantial reduction in cotton production.