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Cotton arrival at Pak ginneries down 26.41% as on Sept 15

23
Sep '19
Over 1.852 million bales of cotton have arrived in 2019-20 season at various ginneries in Pakistan, as on September 15, 2019, down 26.41 per cent over arrival of 2.517 million bales during the corresponding period of last season, according to the latest fortnightly report on cotton arrivals, released by Pakistan Cotton Ginners’ Association (PCGA).

In the major cotton producing province of Punjab, total cotton arrivals decreased by 38.96 per cent year-on-year to 598,314 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 18.42 per cent to 1.254 million bales as on September 15 during the ongoing cotton season 2019-20.

Of the total arrival of 1.852 million bales at various ginneries in Pakistan, 1.669 million was pressed by ginners, of which 1.584 million bales were sold, leaving an unsold stock of 85,381 million bales with the ginners, as on September 15, according to the data.

The textile mills in Pakistan consumed 10,151 million bales, while another 103,540 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 September 15, a total of 206 ginning factories were operational in Punjab compared to 351 ginneries that were operational during the same time last season. Similarly, 197 ginning unit was operational in the Sindh region, compared to 234 operating units during the corresponding period last year. (PC)

Fibre2Fashion News Desk – India


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