Cotton arrival at ginneries cross 11.5 mn bales: PCGA

In the major cotton producing province of Punjab, total cotton arrivals increased by 5.24 per cent year-on-year to 7.298 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 increased 12.31 per cent to 4.253 million bales as on March 15 during the ongoing cotton season 2017-18.

Of the total arrival of 11.552 million bales at various ginneries in Pakistan, 11.540 million bales were pressed by ginners, of which 10.954 million bales were sold, leaving an unsold stock of 586,110 bales with the ginners, as on March 15, according to the data.

The textile mills in Pakistan consumed 10.737 million bales, while another 216,615 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 March 15, a total of 43 ginning factories were operational in Punjab compared to 8 ginneries that were operational during the same time last season. Similarly, 8 ginning units were operational in the Sindh region, compared to 3 operating units during the corresponding period last year. (RKS)

Fibre2Fashion News Desk – India