Related Keywords: demand for raw cotton gone up, end of June this year, forced leading buyers of Pakistan textile and commercial sector, global market, India, KCA, make contract for cotton bales, Shortfall in cotton production, Textile and spinning sector to bear load of imports, with traders in South Africa, with USA for prime cotton grade
The shortfall in cotton production 2015-16 season in the country has forced leading buyers of Pakistani textile and commercial sector to make import contracts for 300,000 cotton bales with traders in South Africa, India and with USA for prime cotton grade (PIMA) during May-June 15, 2016.
According to senior member of Karachi Cotton Association (KCA), exporter, importer and ginner Ghulam Rabbani, they expect to import more than 1.5 million bales of various qualities amounting to $24.3 billion till end this year.
