Cotton growers for reasonable support price

Published March 29, 2019
Growers say cotton yield target will only be achieved if the sowing of it is profitable.— AFP/File
Growers say cotton yield target will only be achieved if the sowing of it is profitable.— AFP/File

LAHORE: Cotton growers say the government’s dream of getting 15 million bales of cotton may not materialise until it reduces the cash crop’s production cost, announces a support price and bans import of cotton.

Pakistan Kisan Ittehad president Khalid Mahmood Khokhar says in a press release that cotton yield target would only be achieved if the sowing of it was profitable.

Higher input cost of cotton production compared to other countries, lenient import policy without duty and from the land routes are putting lots of pressure on local cotton prices, he says.

“Even the International Cotton Advisory Committee (ICAC) has declared the cost of production in Pakistan is higher than in India, Turkey, Tanzania, Argentina, Australia and Brazil. And import from such countries without duty hurts the local prices and reduces profitability, which ultimately influence the growers’ choice for planting other crops instead of cotton.”

He alleges that as the textile industry which is the only buyer of cotton in the country monopolizes the market and suppresses the prices far below the international rates. In these circumstances, it is imperative to pay the support prices of cotton in order to secure growers profitability, which is widely practiced in the neighbouring country for over 27 crops including cotton.

He says that pro-industry policies of the past government about cotton import, “illegal” import from land routes and non-provision of support price resulted in over 30 per cent cut in cotton sowing area.

He calls for immediate appropriate decisions and protection for local agriculture in general and cotton in particular and suggests offering Rs4000 per 40 kg support price to restore confidence of the growers.

Published in Dawn, March 29th, 2019

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Missing links
Updated 27 Apr, 2024

Missing links

As the past decades have shown, the country has not been made more secure by ‘disappearing’ people suspected of wrongdoing.
Freedom to report?
27 Apr, 2024

Freedom to report?

AN accountability court has barred former prime minister Imran Khan and his wife from criticising the establishment...
After Bismah
27 Apr, 2024

After Bismah

BISMAH Maroof’s contribution to Pakistan cricket extends beyond the field. The 32-year old, Pakistan’s...
Business concerns
Updated 26 Apr, 2024

Business concerns

There is no doubt that these issues are impeding a positive business clime, which is required to boost private investment and economic growth.
Musical chairs
26 Apr, 2024

Musical chairs

THE petitioners are quite helpless. Yet again, they are being expected to wait while the bench supposed to hear...
Global arms race
26 Apr, 2024

Global arms race

THE figure is staggering. According to the annual report of Sweden-based think tank Stockholm International Peace...