Pakistan’s poor cotton production has led to lower export earnings of this item, because in the first five months of the last fiscal year, the Textile Ministry had to import up to $1.5 billion of cotton and Other auxiliary materials and accessories (excluding textile machinery import figures).
In the first six months of the fiscal year, textile exports increased by 7.8% to US$7.442 billion, a year-on-year increase of US$538 million.
However, in the first five months of the same fiscal year, the textile ministry had to spend $321 million to import raw cotton.
Cotton and textile experts predict that by the end of the third quarter of fiscal year 2021, cotton imports may exceed US$1 billion.
The textile group’s imported goods include raw cotton, synthetic fibers and man-made yarns, worn clothing, and other textiles, with a total value of US$1.545 billion, and textile imports increased by 50%.
area (a record 1.1 million hectares) is the lowest since FY1982. Specifically, the cotton planting area in fiscal year 1982 was 111,410 hectares, slightly lower than the 111,790 hectares in fiscal year 2021.
In the past decade, cotton planting area has declined alarmingly: from fiscal year 2012 to fiscal year 2022, the average cotton area was 2.7 million hectares, from fiscal year 1992 to In fiscal year 2022, it will be nearly 3 million hectares.
In the second half of 2020, heavy rains severely damaged cotton crops. The SBP said that the provisional cotton production is therefore estimated to be 47.3% lower than the annual target of Sindh province and 9.4% lower than the annual target of Punga province. Its cotton and textile industry report mentioned that seed germination will be the main problem in maintaining plant populations. After actual measurement, the seed germination range is only 40-60% of the cultivated land. Under normal circumstances, it should exceed 80%. Under the current circumstances, farmers must use twice as much seed (cost) to maintain the original crop area.
Cotton production fell for the third consecutive year as production area declined and yields failed to reach target levels. </p
