The cotton yarn prices dropped by more than 50 percent since it reached in March 2011. Its prices are hovering around $1 per lbs, which was almost double in the previous year.
The cotton production has crossed 14 million bales but its lower demand and sliding cost in international markets could not generate positive impacts, however hopes of its recovery pinned again after February was seen sharp growth in export receipt.
Despite the country was hit badly by floods and torrential rains, the production of crops were witnessed overwhelming growth in the yields.
The production of wheat from all provinces is estimated to reach 25 million metric ton by end June 2012. The sugarcane crop was also recorded bumper to be yielded more than 57.6 million, which is annual target, though it is expected to cross 65 million tons level.
Similarly, the rice production was seen sharp increase in growth. It is estimated to be yielded up to 7.2 million ton as against 4.8 million production registered last year.
The bumper crop of cotton, wheat, rice and sugarcane should be capitalized to get exports earnings particularly in new markets otherwise, it should be stocked in a way that will help country to produce value-added products.
The economic managers and traders of the country may put together strong efforts to recover exports particularly through commodities trade that is required to bridge widening trade deficit reached at $14.6 billion and deteriorated current account deficit stood at $3 billion.