Abdullah said that during the course of training, the
ginners would be trained to improve production, transportation and storage of the raw material by bringing innovation in technology and machinery.
However, an increase in interest rate has the
ginners worried.
Chairman of Pakistan Cotton
Ginners Association (PCGA), Mahesh Kumar said that textile sector has to pay billions of rupees which remain outstanding.
Cotton experts said that due to expected rains in cotton areas,
ginners are of the view that the prices will increase after Eid.
In total 178,002 unsold bales are presently with
ginners.
PCGA vice chairman said that no decision that has potential to hurt the interests of the farmers and
ginners should be finalized.
This was decided in a meeting of Pakistan Cotton
Ginners Association held here
Ginners who have accumulated some phutti during Eidul Fitr holidays ran into oversold position whereas spinners are keen to get hold of any quantity of new cotton crop.
Ginners are presently holding unsold stocks of around 279,894 bales from cotton season 2017-18.
Of the total, 10.95 million bales were sold, leaving a stock of 597,847 bales with the
ginners.
MULTAN -- Chairman Pakistan Cotton
Ginners Association (PCGA) Haji Mohammad Akram said on Friday that cotton growers were getting good price of 'phutti', however,
ginners were holding their stocks out of fear of losses.Talking to reporter here, he said that seed cotton (phutti) was fetching Rs 3100-3300 per maund to farmers; however,
ginners were facing Rs 200 loss per maund and most of them were now waiting for better times.
