Cotton-growing areas including Pakistan face world’s biggest extreme weather risks

A woman checks cotton at her agriculture field in Qazi Ahmed in Pakistan's Sindh province on on September 27, 2017. (AFP/File)
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Updated 23 June 2021
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Cotton-growing areas including Pakistan face world’s biggest extreme weather risks

  • Large-scale floods in Pakistan in 2010 caused global cotton prices to spike
  • Crop losses are proving tough for millions of cotton farmers who make up about 90 percent of the world’s growers

LONDON: Climate change impacts, from hotter temperatures to more droughts and floods, threaten much of the world’s cotton production, risking worsening shortages, higher prices and financial woes for growers, researchers warned on Wednesday.
Protecting the $12-billion market — in countries such as India, the United States, Brazil and China — will require both slashing emissions to limit planetary heating and stepped-up efforts by farmers to adapt to the new risks, they said.
By 2040, 40 percent of cotton-producing regions are likely to see their growing seasons shortened by rising heat, while drought could hit half of the global crop, according to a report produced by Cotton 2040, an initiative working for a more sustainable and climate-resilient cotton industry.
Eventually, if efforts to cut emissions fail and warming ramps up in line with the harshest scientific projections, cotton could be dramatically reduced as a crop, leaving the industry “a shadow of what it is today,” said Sally Uren, chief executive of Forum for the Future, an international nonprofit that backs Cotton 2040.
But even with less warming, crop losses are likely to occur even as global cotton demand rises due to population increases and an expanding middle class in some developing nations.
While growers are rapidly becoming aware of rising climate risks, few companies that rely on cotton for their products know much about those threats, and consumers even less, Uren said.
The new analysis should serve as “a wake-up call for the cotton industry,” she added.
Extreme weather has already led to growing volatility in cotton prices. Large-scale floods in Pakistan in 2010, for example, caused global cotton prices to spike to nearly $2.50 from about $0.70 in 2009, the report noted.
Crop losses are proving particularly tough for millions of developing-world cotton farmers who make up about 90 percent of the world’s growers, the report said.
Crop failures could slash incomes among poorer growers who cannot afford to adapt to changing conditions or switch to climate-smarter crops, Uren told the Thomson Reuters Foundation.
In India, where farmers are already struggling with severe droughts and water shortages, some cotton growers left with no money to restart production after their crops fail are committing suicide, she said.
Cotton-growing areas facing some of the biggest extreme weather risks include northern Sudan, Senegal and southern Mali in Africa, as well as parts of Iraq, Iran, Afghanistan and Pakistan, the report noted.
Efforts to adapt to changing conditions by shifting planting times, boosting irrigation and providing farmers with climate forecasts could help some cope better, the report noted.
But unless emissions are slashed, some cotton-growing areas will become unsuitable for the crop in the future, Uren predicted.
In those areas, governments should ensure a “just transition” for farmers, such as by helping them adopt new crops or providing social safety nets, she said.


Pakistan expands crypto engagement with appearance at Mar-a-Lago finance forum

Updated 19 February 2026
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Pakistan expands crypto engagement with appearance at Mar-a-Lago finance forum

  • Pakistan Virtual Assets Regulatory Authority Chairman Bilal bin Saqib attends World Liberty Financial event at Trump’s Mar-a-Lago estate
  • Discussions focused on future of global financial infrastructure, digital assets, stablecoins, capital markets innovation, says Saqib’s office 

ISLAMABAD: Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman and Minister of State Bilal bin Saqib joined global finance leaders at an event hosted by World Liberty Financial, a crypto venture linked to US President Donald Trump’s family, Saqib’s office said on Thursday. 

The event was hosted by World Liberty Financial, a crypto-based finance platform launched in September 2024 linked to Trump’s family. According to Saqib’s office, the gathering was held at Mar-a-Lago, the private estate and club owned by Trump in Florida. 

Speakers and attendees at the event included David Solomon, chairman and CEO of Goldman Sachs, Adena Friedman, chairperson and CEO of Nasdaq as well as Lynn Martin, president of the New York Stock Exchange, Saqib’s office said. The event was organized and hosted by Eric Trump and American businesspersons Zach Witkoff and Alex Witkoff. 

“Discussions focused on the future of global financial infrastructure, digital assets, stablecoins, capital markets innovation and the evolving relationship between regulation and emerging financial technologies,” the statement said. 

It said Saqib’s attendance at the event reflected Pakistan’s growing engagement with global discussions shaping the next phase of financial and technological transformation.

“As Pakistan moves toward modernizing its financial infrastructure and strengthening its position in the global digital economy, such high-level engagements signal increasing international recognition of the country’s regulatory direction and leadership,” the statement added. 

Last month, Pakistan signed a memorandum of understanding with a company affiliated with World Liberty Financial to explore the use of a dollar-linked stablecoin for cross-border payments.

Pakistan has stepped up efforts recently to regulate its digital asset sector and is exploring digital currency initiatives as part of broader measures to reduce cash usage.