Pakistan's cotton production this year was 10.471 million bales, down 6.80 percent from the same period last year, due to reducing planting areas and adverse effects such as the use of inferior seeds and pesticides.
It is estimated that in 2018-2019, only 6 million acres of cotton were cultivated on 9 million acres of land earmarked for cotton cultivation in Pakistan. Pakistan's prime minister, Imran Khan, also noted the decline in cotton production and asked authorities to take the necessary measures to achieve the annual production target of 15 million bales of cotton next year. Punjab, Pakistan's largest cotton-producing province, produced 6.592 million bales of cotton this year, compared with 4.149 million bales in Sindh, according to data. As the country's only organic cotton production province, Baluchistan produces 117800 bales of cotton, all of which produce 117800 bales. A downward trend.
Affected by the India-Pakistan border conflict, Indian cotton exports to Pakistan have been blocked in recent days. However, Indian cotton exports to China have increased significantly. India revealed that China has signed 500000 bales of Indian cotton for shipment in the next two months.
The Indian Cotton Association said import demand from Bangladesh, China, Vietnam, Indonesia and many other regions was active, although trade in cotton between India and Pakistan could be temporarily suspended in the coming months.In recent weeks, India has signed up to export about 40-500000 bales of cotton to China for March-April. Indian cotton demand was very good at 78 cents and 79 cents in China. By February, India had exported about 3.2 million bales of cotton.So far, 650000 bales of cotton have been exported to Pakistan this year, accounting for 10% of the export volume. Originally, traders expected to continue to export 40-500000 bales of cotton to Pakistan in the future. But recent military clashes have blocked exports to Pakistan.
For traditional yarn sales mode, due to the opaque information, yarn marketing is difficult to find, the cost of sales increased dramatically, the company operating costs and management efficiency is low, appearing serious information asymmetry between spinning mills and intermediate traders, yarn traders and weaving factories, the emergence of spinning mills and intermediate traders, yarn traders and weaving factories. Because of the asymmetry of information such as the opacity of yarn quality standard, many yarn manufacturers compete homogeneously and waste unnecessary resources. Networking technology is a technology full of unlimited possibilities. It can also bring unlimited possibilities for traditional yarn sales. It can not only expand the transparency of the industry, reduce the cost of procurement, transaction costs to the lowest, but also has greatly improved spinning mills, traders, weaving mills trade between efficiency, accelerating the industry within the survival of the fittest.
