Home / Knowledge / News / Textiles / Cotton arrival rises 3.69% by May 1 at Pakistani ginneries
Cotton arrival rises 3.69% by May 1 at Pakistani ginneries
05
May '14
The arrival of cotton increased by 3.69 percent to 13.391 million bales at ginneries in Pakistan as on May 1, 2014, compared to the arrival of 12.915 million bales during the corresponding period in previous season, 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).
 
According to the fortnightly report, 13.388 million bales of cotton were pressed by ginners as on May 1, 2014, of which, 12.983 million bales were sold, leaving an unsold stock of 404,869 million bales of ginned cotton.
 
Of the ginned stock, over 12.584 million bales of cotton were sold to domestic textile mills in Pakistan, while another 399,382 bales were purchased by exporters. The Trading Corporation of Pakistan (TCP) has not procured cotton so far during the ongoing cotton season.
 
In Punjab province, which is the main cotton growing region in the country, over 9.631 million bales of cotton reached ginneries by May 1, of which, 9.629 million bales were pressed, leaving an unginned stock of 1,880 cotton bales. Majority of the bales were sold to local textile mills, and only 123,826 bales were sold to exporters, according to the data.
 
In Sindh province, almost all of the 3.76 million bales of cotton received were pressed by the ginners, and 3.629 million bales were sold, leaving an unsold stock of 129,795 bales with the ginners. Textile mills bought 3.353 million bales of cotton, while another 275,556 bales were sold to exporters.
 
During July-March 2013-14, Pakistan exported 102,276 tons of raw cotton valued at US$ 181.895 million, compared to exports of 75,941 tons of raw cotton worth $126.774 million made during the same period in previous fiscal year, thus registering a sharp increase of 43.48 percent year-on-year, according to the data from the Pakistan Bureau of Statistics (PBS).  However, imports of raw cotton witnessed a sharp 29.43 percent year-on-year decline and were valued at $474.155 million during the nine-month period.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 9th Dec 2016

ACIMIT signs MoU with Pakistan textile bodies

In a bid to strengthen the trading in garments and textiles between...

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search