Cotton sowing reduces by 15.87 percent; Senate body

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ISLAMABAD: The Senate Standing Committee on National Food Security and Research was informed that domestic cotton sowing was reduced by 15.87 percent, as compared to last year on Thursday.

It was informed that seed cotton prices remained between Rs 3,300 to Rs 3,400 per maund in Sindh and Rs 3,200 to Rs 3,400 in Punjab, whereas lint prices was also recorded at par with international prices and remained at Rs 6,600 to Rs 6,700 per maund in Sindh.

The committee, which met with Senator Syed Muzafar Hussain Shah, was also informed that Sindh province has achieved 96 percent of sowing targets set for the current sowing season.

While briefing the committee, Cotton Commissioner Dr Khalid Abdullah said that cotton crop has been sown over 1.77 million hectares in Punjab, which was 77 percent of the sowing targets of the current season.

However, he said that crop was in good position, as no major pest attack was reported from the field formations in Sindh and Punjab adding that pesticides availability was also better.

He said the lint price was recorded at Rs 6,700 to Rs 700 per maund adding that due better seed cotton prices, the interest of farmers in management was higher than last year.

It was also informed that crop production targets were set at 14.101 million bales by cultivating the crop over 3.009 million hectares to fulfill the domestic requirements as well as to export. A senior official of the State Bank of Pakistan and Zarai Tarqiati Bank Limited informed the committee about agri-credit disbursement positions and recovery.

The SBP informed the committee that 100 percent targets of agri-credit disbursement was achieved, as Rs 600 million credit allocated for the financial year ending on June 30, this year.

While speaking on the occasion, the chairman of the committee directed the officials of ZTBL to take on board the senators of their respective zones to minimise the role of middle-man in agriculture credit disbursement to facilitate the grass-root level growers.

Source: APP

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