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9.51mn cotton bales reach ginneries by Nov 15: PCGA
Nov '13
About 9.51 million bales of cotton have arrived at ginneries in Pakistan by November 15, 2013, according to the fortnightly report on cotton arrivals this season released by the Pakistan Cotton Ginners’ Association (PCGA).
Cotton arrival increased by 11.73 percent year-on-year to 9.518 million bales at ginneries in Pakistan as on November 15, 2013, compared to arrival of 8.519 million bales during the corresponding period of last season, the PCGA data revealed.
The data shows total cotton arrivals growing by 8.41 percent year-on-year to 6.204 million bales in Punjab province, and by 18.53 percent year-on-year to 3.313 million bales in Sindh province.
Of the total arrival, 8.562 million bales were pressed by ginners, of which 7.542 million bales were sold, leaving an unsold stock of 1.02 million bales with the ginners, as on November 15.
The textile mills in Pakistan consumed 7.306 million bales, while another 236,720 bales of cotton were sold to exporters, the data showed.
At present, a total of 846 ginning factories are operational in Punjab compared to 829 ginneries that were operational during the same time last season.
Similarly, 269 ginning units are currently operational in the Sindh region, slightly more than the 258 units that were operating during the corresponding period last year.
In 2012-13 cotton season, Pakistan’s cotton output fell by 12.81 percent year-on-year to 12.915 million bales, compared to the previous season’s production of 14.813 million bales, mainly because of less sowing of the crop.

Fibre2fashion News Desk - India

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