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10.68m cotton bales reach ginneries, arrivals up by 5%

byCT Report
18/12/2017
in Business
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MULTAN: Seed cotton (Phutti) equivalent to 10.68 million or 10,685,981 bales have reached ginneries across Pakistan till Dec 15, 2017, registering an increase by 5.3 per cent compared to corresponding period of last year.

According to a fortnightly report of Pakistan Cotton Ginners Association (PCGA), out of total arrivals, 10.07 million or 10,074,255 bales have undergone the ginning process.

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Arrivals in Punjab were recorded at 6.5 million or 6,549,612 bales recording a percentage increase of 1.63 per cent.

Arrivals in Sindh were recorded at 4.13 million or 4,136,369 bales, some 11.70 per cent higher compared to corresponding period of last year.

Total sold out bales were recorded at 9.06 million (9,062,641) bales including 8.84 million (8,849,911) bales bought by textile mills and 213,630 by exporters.

Exactly 1.62 million (1,623,340) bales were still lying with the ginneries as unsold stock. Sanghar district of Sindh continued to remain on top with regard to cotton arrivals as ginning factories in the district received Phutti equivalent to 1.3 million or 1,373,389 bales till Dec 15, 2017. Rahimyar Khan and Bahawalpur districts in Punjab secured second and third place by recording arrivals of 971,260 and 931,773 bales respectively.

Exactly 826 out of total almost 1300 ginning factories were operational in the country including 597 in Punjab and 229 in Sindh.

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