Related Keywords: APTMA, bridge the gap between production and consumption, cotton production is expected to be insufficient, import of cotton bales, largest raw cotton exporter, meet local demand, Pakistan, raw cotton, to foot a bill of around billion
Pakistan, one of the largest raw cotton exporter to bridge the gap between the production and consumption of raw cotton will have to foot a bill of around $1.58 billion for the import of 4.5 million bales (170kg each) as cotton production is expected to be around 10.54m bales in 2016-17.
Pakistan has been an importer for the last two years. Last year, Pakistan imported around 2.7m bales from India at a cost of $800m. With cotton production clocking up at 15m bales in 2014-15 and 9.5m bales in 2015-16.
