Cotton rate in Pakistan today per 40 kg

Cotton price today fell by Rs 500 to Rs 17,500 while cotton rate in Multan today fell by Rs 1,000 to Rs 7,500 per 40 kg. Due to the declining value of the dollar, the cotton rate today in the local markets have also caused an abnormal decrease. Over the past two weeks, cotton price in Pakistan have recorded a decline of Rs 5,000 per maund, but due to the record hike in power tariffs, the textile sector is showing no interest in purchasing cotton despite the fall in prices, which has led to cotton end There has been a wave of concern in the ginning sector, which has demanded immediate procurement of cotton from the TCP.

Cotton rate in Pakistan today per 40 kg

Punjab, a country with five rivers, is unique in the world for its fertility. This area produces a lot of crops each year, including gold. Agriculture employs 45% of the inhabitants in Punjab province and 65% of those in Dahi regions. 70% of the entire production of key crops is produced in Punjab. In this approach, Punjab province contributes significantly to the nation’s efforts to reduce poverty and ensure food security. The world’s sixth-largest producer of cotton is Pakistan. Pakistan has Asia’s third-largest spinning capacity. Cotton is spun and ginned at tens of thousands of facilities to produce textiles.

Cotton rate in Punjab Pakistan today

Pakistan’s most significant cash-generating fibre crop is cotton. It is of the utmost significance to the economy of our nation. In addition to serving as a source of raw materials for our nation’s ghee and textile industries, cotton also makes up 55% of Pakistan’s overall exports. This crop not only generates a healthy revenue flow for the farmers, but it also employs a sizable number of people. The primary need at the moment is to increase both the country’s total production and production per acre in order to boost its economy. Farmers have the potential to make more money and valuable foreign currency. 8500 rupees per 40kg will be sold across Punjab. Farmers of Punjab should not sell cotton at less than 8500. Farmers don’t worry, they will get the full rate of cotton.

On the instructions of Agriculture Advisor Manzoorsan, more than 10 cotton factories and shops have been sealed for not buying cotton from the farmers at the government rate, while the factory owners have been fined more than 1 lakh and given 20 warnings. The court has also issued an arrest warrant for the dealer of Khapro for not paying the official rate of cotton rate today Karachi to the farmers, while actions have been taken in Hyderabad, Jamshoro, Sanghar, Shaheed Benazirabad, Matiari, Tindwalayar and other cities.

A complaint cell has also been set up in the office of Director General Agriculture Extension Wing, Hyderabad, where farmers can register their complaints. In Sindh, with a record increase of 136 percent, 1972000 bales have been produced, which is welcome, while Punjab has produced 1069000 bales with an increase of 52 percent. During the last 3 weeks, the price of cotton in Pakistan decreased by 6000 rupees to 16 thousand rupees, while the price of cotton per 40 kg came to the level of 7 thousand rupees.

Cotton price in Pakistan today 2024

The government of Punjab has fixed the support us cotton price today at 8500 rupees per maund to make the cotton crop profitable and improve the economic conditions of the farmers. Multan, Khanewal, Wahari, Lodhran, Bahawalpur, Bahawalnagar, DG Khan, Rajanpur, Leh, Rahim Yar Khan, Faisalabad, Toba Tek Singh, Jhang, Sahiwal, Okara, and Pakpattan are among the Punjabi cities where cotton is grown. Pakistan produced a record amount of cotton in the years 1991–1992, overtaking the United States as the second-largest cotton producer in the world. The virus’s attack caused cotton to suffer greatly. About two weeks ago, the today us cotton price in Pakistan reached 22,000 rupees per maund and 10,000 rupees per 40 kg of cotton.

The Punjab government made extra efforts to guarantee that the most cotton was planted per acre possible in order to maximise productivity. 100% cotton sowing target has been achieved in Faisalabad, Sahiwal and Sargodha. Implementation of the Cotton Action Plan 2023-24 will generate foreign exchange of 3 billion dollars. The officials of the irrigation department have been directed to ensure the supply of canal water during cotton sowing and to remove the blockages in the canals so that the farmers can get uninterrupted water supply. As of September 30, 2023, cotton production across Punjab is 33,66,000 bales, which is 64% more than the same period last year.

Similarly, the staff of Agriculture Extension and Pest Warning has been emphasized to collect the data of the farmers in addition to the guidance and support of the farmers in this regard. Cotton Production Competition 2023 will be held to encourage the farmers and prizes worth lakhs of rupees will be given to the farmers. Last week, due to the record increase in the value of the dollar, the cotton prices in Pakistan had reached Rs.22000 rupees per maund, but this week the prices fell to Rs.21000 rupees per maund, which is expected to rise again.

Live Cotton Price

The farmer will profit from increasing the area under cotton cultivation while also saving vital foreign currency. The Punjab Information Technology Board has created a framework for cotton producers to register and submit reports online. Check live cotton price through the smartphone app, field assistants will offer monitoring and advice services for cotton cultivation. In addition, certified cotton seed farmers’ locations can be tracked using geotagging.

Although there has been a record decline in cotton production in Pakistan this year, experts and those associated with the sector have long pointed out that the country is witnessing a steady decline in the cultivation of this crop. According to Amir Hayat Bhandara, the record decline in cotton production this year was not sudden but was steadily declining. The decreased area under cotton cultivation, climate change and poor batches in the last few years have severely affected the overall cotton crop production and today the situation has reached a point where Pakistan has a record for textile production. Cotton has to be imported from abroad.

With Pakistani textile mills receiving the highest export orders in history, record consumption of cotton is expected this year, so the federal and provincial governments should ban sugarcane cultivation in the cotton zones of Punjab and Sindh. Pakistan does not have to import billions of dollars worth of cotton and edible oil every year. Last year, the cotton crop was severely damaged by a locust heart attack.

Cotton price per kg in Pakistan

The cotton rate in Pakistan today per 40 kg has increased by Rs. 200 per quintal. Cotton prices in the United States have also reached new highs in the last three years. Cotton sowing has started in the coastal cities of Sindh. The federation has decided to give a subsidy of Rs 1,200 per acre to the farmers for the eradication of whitefly.

Cotton Price per 40 kg in Pakistan

In the ginning factories across the country, until this date, approximately 60 lakh bales of cotton have reached the ginning factories. The cotton reaching the ginning factories of Punjab is 16% less than last year, while this record is 84% ​​more in Sindh, which is mainly due to the release of exaggerated figures of cotton cultivation in Punjab and the severe attack of whitefly on the crop. Damage is to be done.

Fahad Munir

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