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11.57m cotton bales reach ginneries, arrivals up by 7.9%

byCT Report
18/04/2018
in Business
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MULTAN: Seed cotton (Phutti) equivalent to 11.579 million bales have reached ginneries across Pakistan till April 15, registering an increase by 7.94 percent compared to corresponding period of the last year.

According to a fortnightly report of the Pakistan Cotton Ginners Association (PCGA) released to media here Wednesday, out of total arrivals, over 11.574 million bales had undergone the ginning process.

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Arrivals in Punjab were recorded at 7.3 million bales recording a percentage increase of 5.56 per cent. Arrivals in Sindh were recorded at 4.25 million bales, some 12.31 per cent higher compared to corresponding period of the last year.

Total sold out bales were recorded at 11.2 million bales, including 10.99 million bales bought by textile mills and 216,615 bales purchased by exporters. Exactly 369,869 bales were still lying with the ginneries as unsold stock. Sanghar district of Sindh continued to remain on top with cotton arrival figures of 1.383 million bales till April 15. Rahimyar Khan, Bahawalnagar and Bahawalpur districts in Punjab secured the second, third and fourth place by recording arrivals of 1,072,790 bales, 028,425 bales and 1,027,263 bales, respectively.

Exactly fourteen ginning factories, including ten in Sindh and four in Punjab, were operational in the country. The PCGA said that the report did not include cotton arrivals at district Kasur as statistics from the district did not reach the PCGA.

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