Cotton market: KCA concerned over govt procurement

By PPI
Published: March 27, 2014
Email
KCA is of the view that any intervention by the government/public sector organisation in the cotton market will negate the policy of free trading. PHOTO: FILE

KCA is of the view that any intervention by the government/public sector organisation in the cotton market will negate the policy of free trading. PHOTO: FILE

KARACHI: 

The Karachi Cotton Association (KCA) has expressed serious concern over the report which appeared a few days ago that the government is likely to procure one million bales of cotton from ginners.

According to a press release, the KCA is of the view that any intervention by the government/public sector organisation in the cotton market will negate the policy of free trading in cotton, which is being followed very successfully since the past 18 years in order to safeguard the interest of all the stockholders of the cotton economy, including the cotton growers.

The KCA has always advocated free trading policy in cotton which includes free export and import of cotton without any quantitative and qualitative restrictions in order to ensure international price of cotton to the grower and provide a level playing field to all sections of the cotton economy of the country.

Published in The Express Tribune, March 27th, 2014.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

Facebook Conversations

More in Business