In the major cotton producing province of Punjab, total cotton arrivals decreased by 24.52 per cent year-on-year to 4.467 million bales, according to the report prepared by PCGA, in joint cooperation with All Pakistan Textile Mills Association (APTMA) and the Karachi Cotton Association (KCA). While in Sindh province, cotton arrivals decreased 16.08 per cent to 3.394 million bales as on December 15 during the ongoing cotton season 2019-20.
Of the total arrival of 7.861 million bales at various ginneries in Pakistan, 7.543 million bales were pressed by ginners, of which 6.588 million bales were sold, leaving an unsold stock of 954.347 million bales with the ginners, as on December 15, according to the data.
The textile mills in Pakistan consumed 6.536 million bales, while another 52.160 million bales of cotton were sold to exporters, according to the data. The Trading Corporation of Pakistan (TCP) has not procured any bale of cotton so far this season.
As of December 15, a total of 320 ginning factories were operational in Punjab compared to 365 ginneries that were operational during the same time last season. Similarly, 104 ginning unit was operational in the Sindh region, compared to 148 operating units during the corresponding period last year.
Fibre2Fashion News Desk (PC)
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