Cotton arrival at ginneries cross 8 mn bales: PCGA

In the major cotton producing province of Punjab, total cotton arrivals increased by 18.77 per cent year-on-year to 4.658 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 14.86 per cent to 3.476 million bales as on November 1 during the ongoing cotton season 2017-18.

Of the total arrival of 8.134 million bales at various ginneries in Pakistan, 6.743 million bales were pressed by ginners, of which 6.182 million bales were sold, leaving an unsold stock of 561,085 bales with the ginners, as on November 1, according to the data.

The textile mills in Pakistan consumed 5.984 million bales, while another 198,299 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 November 1, a total of 723 ginning factories were operational in Punjab compared to 735 ginneries that were operational during the same time last season. Similarly, 294 ginning units were operational in the Sindh region, compared to 272 operating units during the corresponding period last year. (RKS)

Fibre2Fashion News Desk – India