At the next step, the productivity suffers because of the unskilled and untrained workforce, out dated technology and old machinery and at the post-production, the lack of marketing and negotiation skills to deal with local or international customers affect the bargaining power of the ginners
to get better prices.
On their part, the ginners
are waiting for what would be the prices of new crop which would be available in the market by mid-June, brokers added.
After crossing physiological barrier of Rs7,000 per maund, raw cotton prices tended to stay firm where buyers kept looking for quality link, but ginners
on their part were reluctant to dispose of their stocks.
Ministry of Textile Industry will organize training program for cotton ginners
in Multan, Bahawalpur and Sukkur for increasing their knowledge and skill proficiency.
Out of these, ginners
are holding unsold stocks of 444,644 bales.
Meanwhile, the country produced 1.355 million bales of cotton up to Sept 1 of this season (2019-20), showed data released by the Pakistan Cotton Ginners
' Association (PCGA) on Tuesday.
They said that ''This measure is example of extreme shortsightedness as 4 percent of the gross value of each invoice as advance income tax cannot be recovered and will necessarily become part of the cost.'' Quoting an example while looking at the cotton purchase from the ginners
, a 4 percent deduction from the ginners
invoices will lead to pressure on ginners
to reduce the price they pay for cotton procured from the farmer as their own tax liability in reality is only for ginning charges which constitutes 35 percent of the ginned cotton.
are currently holding 809,195 unsold cotton stocks compared to 486,963 bales held in the same period last year.
group chairman Haji Mohammad Akram, former PCGA chairman Shahzad Ali Khan, former vice chairman PCGA Asim Saeed, Malik Talat Suhail, Khawaja Riaz Hussain Siddiqui, and Chaudhry Khalid Bashir were also present.
Farmers sharply reacted to the ginners
' decision, describing it as a "stab in their back" and said it came despite earning profit of millions of rupees in the current season.
BAHAWALPUR: Minister of State for Revenue, Hammad Azhar has assured the Pakistan Cotton Ginners
Association's Chairman that SRO-188 would be implemented again to benefit cotton ginners
Karachi -- Listless conditions prevailed on the cotton market past week owing to late arrival of phutti (seed cotton) and high rates being demanded by ginners
The final cotton production figures released by Pakistan Cotton ginners
' Association (PCGA) on Thursday divulged that Punjab produced 7.32m bales - up from 6.94m bales until April 15, 2017.
MULTAN -- Over 11.525 million bales of cotton were supplied by farmers to ginning factories by March 15, 2018 in the current season, up 7.74% compared with 10.72 million bales in the corresponding period of previous season, according to the latest fortnightly report released by the Pakistan Cotton Ginners
' Association (PCGA) on Monday.