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Cotton arrival up 4.08% at Pakistani ginneries this season
Mar '14
Cotton arrival at ginneries in Pakistan increased by 4.08 percent year-on-year to 13.369 million bales as on March 15, 2014, according to the consolidated statement of cotton arrivals in factories of Pakistan, prepared by the Pakistan Cotton Ginners’ Association (PCGA), using data collected with joint cooperation of All Pakistan Textile Mills Association (APTMA) and the Karachi Cotton Association (KCA).
The data shows total cotton arrivals growing by 1.78 percent year-on-year to 9.614 million bales in Punjab province, and by 10.47 percent year-on-year to 3.755 million bales in Sindh province.
Of the total arrival of 13.369 million bales, around 13.357 million bales were pressed by ginners, of which 12.518 million bales were sold, leaving an unsold stock of 838,964 bales with the ginners, as on March 15, the PCGA said.
The textile mills in Pakistan consumed 12.148 million bales, while another 369,673 bales of cotton were sold to exporters, the data showed.
As on March 15, 2014, a total of 39 ginning factories were operational in Punjab compared to 129 ginneries that were operational during the same time last season.
Similarly, 3 ginning units were operational in the Sindh region, as against 9 units being operational during the corresponding period last year.
Earlier this month, APTMA Punjab formed an ad-hoc committee to address issues like quality and weight deviations in cotton bales received from the Indian side via Wagah border.
Meanwhile, the third meeting of Pakistan’s Federal Committee on Cotton (FCC) has fixed the country’s cotton production target at 15.1 million bales of 170 kg each for 2014-15 season.

Fibre2fashion News Desk - India

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