4.4 million cotton bales reach ginneries across Pakistan

October 18, 2019: Seed cotton equivalent to over 4.44 million bales have reached ginneries across the country as of October 15, registering a shortfall of 1.6 million bales as compared to the corresponding period of the last year.

According to a fortnightly report of the Pakistan Cotton Ginners Association (PCGA) released on Friday, out of the total arrivals, over 3.6 million bales have undergone the ginning process, including over 1.7 million bales in Punjab and over 1.9 million bales in Sindh.

Arrivals in Punjab were recorded at over 2 million bales registering a shortfall by over a million bales that comes around to 34.37 percent.

Arrivals in Sindh were recorded at over 2.3 million ales registering a shortfall by 18.15 percent.

Total sold out bales were recorded at over 3.2 million bales, including 3.194 million bales bought by textile mills and another 36,737 bales purchased by exporters.

Exactly 1.2 million bales were still lying with the ginneries as unsold stock.

Sanghar district of Sindh continued to remain on top with cotton arrival figures of over a million bales.

Out of total around 1300 cotton ginning factories, 738 were operational in the country, including 279 in Sindh and 459 in Punjab.

APP

Posted on: 2019-10-18T16:41:00+05:00

30636