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Thursday, 14 October 2021, 00:00:00
SPEECH BY THE OUTGOING CHAIRMAN, THE KCA, MUHAMMAD ATIF DADA AT THE ORDINARY GENERAL MEETING OF THE MEMBERS OF THE KCA HELD ON 23.09.2021

It gives me great pleasure to welcome you to the Ordinary General Meeting of the Members of the KCA. A brief is given below about Cotton Situation and activities of KCA during our tenure.

LOCAL COTTON SITUATION FOR 2020-21:

The target of cotton production in Pakistan for 2020-21 (in terms of bales of 375 lbs. each) was initially fixed at 10.89 million bales (Punjab 6.00 million bales, Sindh 4.60 million bales, Baluchistan 0.291 million bales and KPK 0.0065 million bales) from an area of 2.31 million hectares.

According to the Arrival Report of the PCGA for the year 2020-21 issued on 3rd May.2021, the total arrivals of cotton in ginneries as on 01.05.2021 were 5.65 million bales. According to Pakistan Bureau of Statistics, the exports of cotton during the year 2020-21 (Aug.-July) was recorded about 600 M.T, imports of cotton about 870,000 M.T. and Mill consumption at about 16.15 million bales as per Textile Commissioner’s Organization.

COTTON PRODUCTION TARGET IN PAKISTAN FOR 2021-22:

The target of cotton production for 2021-22 was fixed by the Government at 10.50 million bales (Punjab 6.07 million bales, Sindh 4.00 million bales, Baluchistan 0.43 million bales and KPK 0.0042 million bales). The provinces-wise targets of area and production fixed for 2021-22 are as follows:-

COTTON AREA AND PRODUCTION TARGETS (2021-22)

S.No. Province Area Production (Million hectares) (Million bales) 1. Punjab 1.61 6.07 2. Sindh 0.64 4.00 3. KPK 0.0022 0.00417 4. Baluchistan 0.07 0.43 Total: 2.3222 10.50

SOWING POSITION OF COTTON CROP (2021-22 SEASON) (Million Hectares) Province Proposed Target 2021-22 Area Sown % age % Change Against Over Last 2021-22 2020-21 Target Year Punjab (First Estimate) 1.61 1.279 1.546 79.4% -17.3 Sindh (07.07.2021) Final 0.64 0.592 0.615 93% -3.7 Baluchistan 0.07 0.064 0.057 91.4% +12.3 KPK 0.0022 N.A 0.00011 - - Total 2.32 1.935 2.218 83.4% -12.7

Source: Provincial Agriculture Extension & Crop Reporting Service, Departments.

REASONS OF DECLINE IN AREA DURING 2021-22 SEASONS

Substandard and uncertified seed remained main reason for farmer which compelled him to shift his cultivated area to other competing crop. Besides this, there remained shortage of irrigation water in Cotton areas of lower Sindh.

Lack of confidence of Cotton grower in cotton seed verity is big hurdle which become reason of decline in area in 2021-22 reason. According to Cotton crop Assessment Committee meeting which was held on 1st September, 2021 in Islamabad, the total production has been assessed at 8.46 million bales against the largest of 10.5 million bales which is around 20% higher than the production of 7.064 million bales recorded in previous year. This increase is due better climate condition in this season and due to less rainfall. INTERNATIONAL COTTON SITUATION: WORLD COTTON SITUATION ( 2021-22): According to the USDA, world cotton production for 2021-22 is estimated to increase to 118.84 million bales (bale of 480 lbs.) from 112.42 million bales in 2020-21. Major increase in cotton production is projected in USA, Brazil, Australia and Turkey where production is estimated to increase to 17.26, 12.50, 4.40 and 3.40 million bales from 14.61, 10.75, 2.80 and 2.90 million bales respectively. World cotton consumption is estimated to increase to 123.33 million bales in 2021-22 against 119.01 million bales of actual consumption in 2020-21. In China, the cotton consumption is estimated to increase to 41.00 million bales in 2021-22 from 40.0 million bales in 2020-21. World exports for 2021-22 are estimated at 46.25 million bales as against 48.05 million bales in 2020-21.

INTERNATIONAL AND NATIONAL PRICE FLUCTUATION: The New York Cotton Futures latest delivery month recorded at US˘ 63.53 per lb at the beginning of the season on 03.08.2020 and US˘ 89.83 per lb at the end of the season on 30.07.2021.

During the year of 2020-21, the farmers got fair price for their produce as the Ex-Gin price of cotton recorded between Rs.8,500/- to Rs. 13,000/- on an average basis.

Before closing my speech, I congratulate the new Executive Committee on their election for the year 2021-22 and hope that the new Committee would meet the day to day challenges, problems which might come during their tenure, effectively in the best interest of the Association and cotton trade.

I express my deep thanks to Mr. Humayun Zafar, Senior Vice-Chairman and Mr. Rizwan Umer, Vice-Chairman, the KCA for the dedicated and devoted services rendered by him to run the affairs of the Association effectively. I also express my deep thanks to my colleagues on the Executive Committee and members of the Association for providing all assistance, co-operation and guidance during my tenure as Chairman.

I record my appreciations for the efficient, dedicated and devoted services rendered by Mr. Aftab Alam, Secretary General, Mr. Muhammad Ali, Assistant Secretary (Stat.), Mr. Hassan Haider, Account Officer and Sh. Abdul Qadir Ahmed, BA/MO and staff of the Association during the year under review.

I also express my thanks to the Press for extending their full co-operation in covering the activities of the Association during my tenure as Chairman, The KCA.

I thank all of you once again.

PAKISTAN PAAINDABAD



S/d., (MUHAMMAD ATIF DADA)

Chairman

The Karachi Cotton Association



 


 

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