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Cotton arrivals in Pakistan rise 13% - Report
19
Oct '11
There has been a 13 percent increase in cotton arrivals this season in Pakistan, according to a report released by the Pakistan Cotton Ginners Association (PCGA).

The fortnightly report states that 4.715 million cotton bales arrived in the country's ginneries by October 15, 2011, compared to 4.173 million bales reaching the ginneries during the corresponding period of 2010, showing a rise of 13 percent.

Out of the new arrivals, 3.287 million cotton bales were bought by the textile units while exporters bought 123,326 bales, PCGA Chairman Amanullah Qureshi said. He informed that a total of 3.41 million bales of cotton were traded and 1.305 million bales were lying unsold with the ginners, which is more than last year's unsold stock of 837,487 bales.

He said there has been an increase of 13 percent in cotton arrivals, in spite of rains in Punjab and flood, pest attacks and diseases in Sindh region. He added that the cotton crop has been badly destroyed in the districts of Dadu, Hyderabad, Mirpur Khas Sangarh, Nawabshah and other areas of Sindh.

He informed that 1057 ginning factories are presently functional in Punjab and Sindh provinces. During the fortnight from October 1 to 15, 1.916 million bales of cotton were received, he stated.

The PCGA Chairman said that Punjab contributed 3.350 million bales this year, compared to last year's 2.129 million bales, up 57.32 percent. Sindh's contribution decreased to 1.365 million bales from last year's 2.043 million bales, down 33.08 percent, and Balochistan produced 20,455 bales.

Fibre2fashion News Desk - India


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