Related Keywords: China subsidy regime, cotton demand, increase in cotton consumption, lower cotton prices, Pakistan cotton imports, rising cotton import trend, textiles industry, to rise, US Department of Agriculture bureau, weaker domestic cotton production
Cotton imports of Pakistan are likely to rise per the figures of the US Department of Agriculture bureau in Islamabad which predicts an import of 2.0m bales of cotton in 2015-2016, the highest in 8 years.
The reason for the rise in imports is mainly subjected to the increase in cotton consumption. Pakistan cotton consumption of 11.35m bales in 2015-16, starting in August, would represent the highest figure since 2007-08 – before the world financial crisis which hit demand for the fibre, as an industrial commodity, particularly badly compared with that for food crops.
