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12.67mn bales of cotton arrive at Pak ginneries by Jan 1
Jan '14
About 12.67 million bales of cotton reached ginneries in Pakistan by January 1, 2014, according to the fortnightly report on cotton arrivals, prepared by the Pakistan Cotton Ginners’ Association (PCGA), in joint cooperation with All Pakistan Textile Mills Association (APTMA) and the Karachi Cotton Association (KCA).
According to the PCGA report, cotton arrivals grew by 7.75 percent year-on-year to 8.999 million bales in Punjab province, and by 13.49 percent year-on-year to 3.671 million bales in Sindh province.
Of the total arrival, 12.465 million bales were pressed by ginners, of which 10.947 million bales were sold, leaving an unsold stock of 1.517 million bales with the ginners, as on January 1, the PCGA said.
The textile mills in Pakistan consumed 10.618 million bales, while another 329,090 bales of cotton were sold to exporters, the data showed.
At present, a total of 663 ginning factories are operational in Punjab compared to 724 ginneries that were operational during the same time last season.
Similarly, 135 ginning units are currently operational in the Sindh region, as against 158 units being operational 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.
The cotton arrival has already surpassed the 12.336 million bales estimated for the current crop season by the Cotton Crop Assessment Committee (CCAC), based on the information provided by the Cotton Commissioner and representatives of provincial governments.

Fibre2fashion News Desk - India

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