Cotton Production Losses
According to Adeel Siddiqui, president of the Hyderabad Chamber of Commerce and Industry, Pakistan’s exports of rice and cotton are anticipated to suffer as a result of the significant production losses brought on by the most recent floods.
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Devasted the Rice Harvest
He claimed that the cotton crop had been washed away, which directly hurt textile exports, while the floods had devastated the rice harvest by 50%.
Speaking on Monday to a team of importers and exporters, Mr. Siddiqui said that Pakistan was the world’s fourth-largest exporter of rice and earned over $2 billion in 2017. Massive rains brought about by weather patterns triggered by climate change has harmed rice and cotton crops, he continued.