| |
Pakistan:Lower cotton output forecast next year |
|
2005-3-17
|
|
 |
A lower cotton output has been forecast for next year by the Government estimates as the cotton production is likely to stand at over 12 million bales during the next fiscal year compared to this year’s record crop of about 15 million bales, officials revealed.
“Over 12 million bales are expected in the next fiscal year,” he said referring to a working paper prepared for the meeting of the Federal Committee on Agriculture (FCA), to be held later this month. The official said that prevalence of highly favourable weather in 2004-05 might not continue during 2005-06.
This year cotton production reached 14.6 million bales, but estimates of the All Pakistan Textile Mills Association (APTMA) and the Pakistan Cotton Ginners Association (PCGA) offer higher figure at 15 million bales, thus boosting the prospects of achieving over five percent growth in agriculture against a budgetary target of 4.2 percent.
Though preliminary, the production targets for cotton, rice and maize are the initial calculations of the Ministry of Food, Agriculture and Livestock (MinFal). Revision of that figure after due inputs of other stakeholders such as the Indus River System Authority (IRSA), the Commerce Ministry, the Trading Corporation of Pakistan (TCP) and the Pakistan Central Cotton Committee (PCCC) are also considered.
The ministers and secretaries of food and agriculture of the four provinces and Azad Jammu and Kashmir (AJK) will also attend the meeting, the official said. |
|
|
|
|
|
浙公網安33010602010414
