The secretaries of the ministries of Commerce, Food and Agriculture, TCP officials and representatives of growers, ginners, Karachi Cotton Association (KCA) and All Pakistan Textile Mills Association (Aptma) also participated in the meeting.
The Committee noted with applause that the TCP was aggressively buying cotton to help in stabilising prices in the market to the benefit of the growers and decided that it would continue to buy cotton.
The TCP intervention in the cotton market is basically to ensure the payment of minimum price fixed by the government to the growers.
The Corporation has procured 1.255 million bales so far, while textile mills purchased 9.306 million bales from ginners, and private sector exporters bought 393,664 bales.
APP ADDS: According to a fortnightly report of Pakistan Cotton Ginners Association (PCGA) the cotton arrival at ginning factories has reached 13,102 million bales till January 1, 2005.
Cotton arrival was estimated at 8.382 million bales during the same period last year.
The total unsold stock at the ginneries has been estimated at 2.148 million bales on January 1.
Punjab has produced about 10.403 million bales showing a rise of 54.62 percent, while Sindh 2.699 million bales (including 24.615 bales from Balochistan), up by 63.16 percent.