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Pakistan ginneries receive 3.69mn cotton bales by Oct 1
07
Oct '13
The fortnightly cotton arrival report for the 2013-14 season, released by the Pakistan Cotton Ginners Association (PCGA), indicates that around 3.69 million bales have reached ginneries by October 1, 2013. 
 
The quantum is about 6.88 percent higher as compared to 3.45 million bales that reached the ginneries by October 1, 2012.
 
So far this season, Pakistani ginners have pressed 3.28 million bales of cotton, of which some 2.96 million bales have been procured by local textile mills, while around 135,600 bales have been sold to exporters, thereby leaving ginners with an unsold stock of 178,825 bales of ginned cotton.
 
This shows that in total around 3.10 million bales of cotton has been traded so far this season, without the intervention of the Trading Corporation of Pakistan (TCP).
 
According to the report, ginners received 1.49 million bales of cotton from Punjab by October 1, this year, which is 18.21 percent less compared to the 1.83 million bales received by same time last year. 
 
However, cotton arrivals from Sindh for the period have showed a year-on-year increase of 35.14 percent and have jumped from 1.62 million bales to 2.19 million bales. 
 
In May this year, Pakistan Government set a target of producing 14.1 million bales of cotton during the 2013-14 season. However, in July 2013, the Cotton Crop Assessment Committee (CCAC) projected the output for the current season at 13.25 million bales, and again in August it downwardly revised its estimates to 12.65 million bales.
 

Fibre2fashion News Desk - India


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