Cotton market: KCA concerned over govt procurement
KCA advocates free trading policy in cotton including free export, import of cotton without any restrictions.
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.
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.
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.