Page 33 - TEXtalks October/November 2021

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Panel-1: Impact of high cotton prices & sustainable prices are directly related to cotton prices, and thus,
cotton challenge the prices are going up due to the power crisis in
During the first round table talk, "Impact of high China and India. Carlos Garcia, Sales Manager
cotton prices & sustainable cotton challenge", which Plains Cotton Cooperative Association (PCCA), USA,
focused on cotton, experts presented their thoughts said that the biggest fear about increased cotton
on various questions. They provided a way to prices is neither realistic nor beneficial. The perfect Happenings
produce sustainable cotton production. Steven Dyer, price is from 0.9 to 1 USD, where all stakeholders
Global Head of Marketing, Louis Dreyfus Company, remain happy.
USA, said that the increasing cotton price is an issue
for the textile sector. When prices were high (around Shayyan Abdullah, Director Sapphire Group,
2 USD), nobody benefited during 2011-2012. supported the claims of Carlos that when the prices
were below 95 cents, Pakistan's textile sector earned
The transportation delays and shortage of containers healthy benefits as traders, farmers, industrialists,
also worsened the situation. However, the market is and buyers were happy. Asif Inam mentioned,
recovering, and it is expected that the future will be nevertheless, the increasing cotton prices are not a
bright. However, it is not only cotton, globally the good sign for the textile sector of Pakistan, and the
price of everything is on the rise. John Cash King III spinning sector would find it hard to digest such
(Vice President, Olam Cotton, U.S.A.) said that yarn higher prices.

Panel Discussion-1: Panelist while Asif Inam joined virtually Iqbal Khurram. CEO. YS Group - Nishat Chunnian, Pakistan

John Cash King III. Vice President. Olam Cotton, USA Shayyan Abdullah. Director. Sapphire Group of Companies. Pakistan

Steven Dyer. Global Head. Louis Dreyfus Company, USA Carlos Garcia. Plains Cotton Cooperative Association (PCCA), USA

October/November 2021