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Sunday August 15, 2010

Bloomberg

Pakistan Floods Destroy 2 Million Bales of Cotton, Group Says

August 12, 2010, 4:22 AM EDT

By Khurrum Anis

Aug. 12 (Bloomberg) -- Pakistan’s monsoon rains and floods destroyed 2 million bales of cotton and the nation may produce 10.25 million bales this year, missing the target, according to the Pakistan Cotton Ginners Association.

“We will miss the target of 14.7 million bales and won’t be able to match last year’s production of 12.6 million bales either,” Haji Muhammad Akram, chairman of the group, said by telephone on his way to Multan. “We will eventually produce 10.25 million bales.”

To contact the reporter on this story: Khurrum Anis in Karachi at kkhan14@bloomberg.net

To contact the editor responsible for this story: Naween Mangi at nmangi1@bloomberg.net

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