Pakistan shrugs off India cotton ban

2 February 2000



Pakistan shrugs off India cotton ban

PAKISTANS cotton industry remains confident of the stability of the market in the face of Indias ban last month on exports from its neighbour.

Strong domestic demand and rising world prices have supported prices in Pakistan ever since Indias decision, according to a report in the Financial Times.

Fears that the Indian action, taken because of alleged “disease” in cotton stocks, would hit Pakistans exports have proved unwarranted.

Officials expect production to rise to over 10 million bales of 375lb, up from last years production of 8.7m bales.

• Pakistan cotton crop fails, FWi, 23 March, 1999
• Bumper Pakistan cotton harvest predicted, FWi, 22 September, 1998
• Pakistan under pressure on cotton exports, FWi, 15 September, 1998
  
• Financial Times 02/02/2000 page 34