Cotton arrival at Pak ginneries down 6.83% as on Feb 15

Source: https://www.fibre2fashion.com

Over 10.700 million bales of cotton have arrived in 2018-19 season at various ginneries in Pakistan, as on February 15, 2019, down 6.83 per cent over arrival of 11.485 million bales during the corresponding period of last season, according to the latest fortnightly report on cotton arrivals, released by Pakistan Cotton Ginners’ Association (PCGA).

In the major cotton producing province of Punjab, total cotton arrivals decreased by 9.41 per cent year-on-year to 6.552 million bales, according to the report prepared by PCGA, in joint cooperation with All Pakistan Textile Mills Association (APTMA) and the Karachi Cotton Association (KCA). While in Sindh province, cotton arrivals decreased 2.44 per cent to 4.148 million bales as on February 15 during the ongoing cotton season 2018-19.

Of the total arrival of 10.700 million bales at various ginneries in Pakistan, 10.669 million bales were pressed by ginners, of which 9.379 million bales were sold, leaving an unsold stock of 1.290 million bales with the ginners, as on February 15, according to the data.

The textile mills in Pakistan consumed 9.276 million bales, while another 102.330 bales of cotton were sold to exporters, according to the data. The Trading Corporation of Pakistan (TCP) has not procured any bale of cotton so far this season.

As of February 15, a total of 94 ginning factories were operational in Punjab compared to 74 ginneries that were operational during the same time last season. Similarly, 8 ginning units were operational in the Sindh region, compared to 13 operating units during the corresponding period last year.

In the previous cotton season 2017-18, Pakistan had produced nearly 10.366 million bales of cotton. The Imran Khan-led government is planning to achieve 15 million bales of cotton output in 2019-20 season.



Categories: Asia, Business, Pakistan, Textile

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