Cotton situation

KARACHI, June 13: The current situation and possible market prices of lint and seed cotton was discussed in a meeting of Pakistan Central Cotton Committee (PCCC) held under the chairmanship of M. Shafi Niaz, Advisor to Chief Executive on Food, Agriculture and Livestock here on Thursday.

The committee showed its concern on prevailing imports trend of raw cotton. It was told that 1.3 million bales of 170 kg each have been imported so for, which was likely to be more by end of current season.

It is feared that excessive end-season stocks might influence market prices next season at time of supply from local production.—PPI

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