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Pakistan ginneries receive more cotton this season

04
Jan '12
The ginneries in Pakistan have received 17.5 percent more cotton by end of 2011 compared to the quantity received during the same period last season.

In its fortnightly report, the Pakistan Cotton Ginners Association (PCGA) said around 12 million bales of seed-cotton were received by ginners by December 31, 2011 compared to 10.24 million bales that reached the ginneries during the corresponding period last season.

The quantum of cotton reaching the ginneries has been more in spite of damage to the crop in parts of Sindh owing to diseases and pest attacks as well as unfair weather and floods.

PCGA Chairman Amanullah Qureshi said the textile units purchased 10,335,905 bales, while another 518,011 bales were bought by exporters.

The report said a total of 1,696,265 bales are lying unsold with the ginners, which more than the inventory of 1,175,475 bales that the ginners possessed at this time last year.

From the total of 12,032,170 bales received this season so far, Punjab accounted for 9,627,057 bales, registering an increase of 42.60 percent over last year's 6,751,760 bales.

The contribution from Sindh declined by 31.07 percent to 2,405,113 bales from last year's 3,489,149 bales.

During the fortnight from December 16 to December 31, 2011, ginneries in Pakistan received 996,152 bales.

Fibre2fashion News Desk - India


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