MULTAN: Seed cotton (Phutti) equivalent to 8.7 million bales have reached ginneries across Pakistan till November 15, registering increase of 9.49 percent compared to corresponding period of last year.
According to a fortnightly report of Pakistan Cotton Ginners Association (PCGA) issued here on Friday, out of total arrivals, Phutti equivalent to 7.5 million bales has undergone the ginning process till November 15, 2016. The arrivals at Punjab ginneries was recorded at over 5.3 million bales recording an increase of 15.59 percent compared to corresponding period of last year.
Arrivals at ginneries in Sindh was recorded at over 3.4 million bales showing an increase of 1.05 per cent. Textile mills have purchased over 6.5 million bales, while exporters have bought 155,544 bales during recent season. Exactly 2,045,605 bales were still lying with ginneries as the unsold stock, the report said.
