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Pakistani cotton output down from last year
07
Mar '11
A year on year fall of 9.12 percent has been witnessed in the raw cotton output, as ginners processed about 11.50 million bales by March 1, 2011, as compared to 12.65 million bales processed during same period last year.

The country's overall demand-supply gap has thus widened to 1.15 million bales, which has further raised the concerns from the Pakistani textile industry, which was already confronted with several issues like severe dearth of the fibre, power and gas outages.

The raw cotton output of the ginneries in Punjab, for the period under review was recorded at 7.71 million bales which is 0.72 million bales below the output of 8.43 million bales achieved during corresponding period last year, down 8.55 percent.

Also, the total output of Sindh, too declined by 10.26 percent during the period under review, from last year's 4.21 million bales to 3.78 million bales, which is 0.43 million bales less than last year's output.

The mill-owners by March 1 this year had bought 10.59 million bales, as against 11.42 million bales from a year ago. Exporters purchased 0.51 million bales against 0.79 million bales during corresponding period last year.

As against unsold stock of 440,553 bales by March 1 last year, ginners have unsold stock of 394,589 bales, this year.

Fibre2fashion News Desk - India

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