MirBadshah
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Pakistan cotton crop second largest ever - US attache
Alhamdullilah
http://www.ndtvprofit.com/homepage/news.asp?id=300747
May 31, 2007
WASHINGTON (Reuters) - Pakistan's upcoming 2007/08 cotton crop forecast is 2.265 million metric tons (MMT, lint basis), the second largest ever, a U.S. attache in Islamabad said in a report released on Wednesday.
"Progressive textile mills are focusing on producing better-quality products, particularly for the export market. Pakistan is a major cotton importer, especially for U.S. upland and Pima cotton," the attache said.
Consumption is forecast at 2.736 MMT, marginally less than the previous year.
"With domestic prices increasing mills are finding the importation of upland cotton increasingly attractive. Recently, the GOP has allowed import of long staple cotton through land routes from India and Central Asia." Attache reports are not official USDA data. Following are highlights of the report. To see the full report, visit the USDA's Foreign
"Pakistan's MY 2007/08 cotton crop is off to a good start due in part to near normal weather conditions, accompanied by a sufficient supply of inputs."
"The crop is planted from the end April through June and is harvested in the fall. Planted area is influenced by the relative prices of competing crops, such as sugarcane and paddy, weather forecasts, and government policy. MY 2007/08 cotton area is forecast at 3.0 million hectares, about 1 percent less than the area planted last year, due to better returns from sugarcane and rice."
"Due to delays in establishing biosafety regulations and a desire to develop Bt varieties indigenously, sources estimate that Pakistan is ten years behind major cotton-producing
countries in the commercial use of Bt cotton.
"Last year, farmers planted an estimated 500,000 acres or about 5 percent of the crop in illegal Bt varieties, some of which were developed by a local institute; NIBGE where work on transgenic cultivar is under trial and most from pirated varieties from India, China, and Australia. This year, farmers are expected to plant about 30 percent of the crop in illegal Bt varieties."
Alhamdullilah
http://www.ndtvprofit.com/homepage/news.asp?id=300747
May 31, 2007
WASHINGTON (Reuters) - Pakistan's upcoming 2007/08 cotton crop forecast is 2.265 million metric tons (MMT, lint basis), the second largest ever, a U.S. attache in Islamabad said in a report released on Wednesday.
"Progressive textile mills are focusing on producing better-quality products, particularly for the export market. Pakistan is a major cotton importer, especially for U.S. upland and Pima cotton," the attache said.
Consumption is forecast at 2.736 MMT, marginally less than the previous year.
"With domestic prices increasing mills are finding the importation of upland cotton increasingly attractive. Recently, the GOP has allowed import of long staple cotton through land routes from India and Central Asia." Attache reports are not official USDA data. Following are highlights of the report. To see the full report, visit the USDA's Foreign
"Pakistan's MY 2007/08 cotton crop is off to a good start due in part to near normal weather conditions, accompanied by a sufficient supply of inputs."
"The crop is planted from the end April through June and is harvested in the fall. Planted area is influenced by the relative prices of competing crops, such as sugarcane and paddy, weather forecasts, and government policy. MY 2007/08 cotton area is forecast at 3.0 million hectares, about 1 percent less than the area planted last year, due to better returns from sugarcane and rice."
"Due to delays in establishing biosafety regulations and a desire to develop Bt varieties indigenously, sources estimate that Pakistan is ten years behind major cotton-producing
countries in the commercial use of Bt cotton.
"Last year, farmers planted an estimated 500,000 acres or about 5 percent of the crop in illegal Bt varieties, some of which were developed by a local institute; NIBGE where work on transgenic cultivar is under trial and most from pirated varieties from India, China, and Australia. This year, farmers are expected to plant about 30 percent of the crop in illegal Bt varieties."