Cotton arrivals drop by 26%
MG News | October 03, 2022 at 04:23 PM GMT+05:00
October 3, 2022 (MLN): The cotton arrivals in the country dropped by 26% to 2.93 million bales by October 1, 2022, the data released by Pakistan Central Cotton Committee (PCCC) showed on Monday.
According to the PCCC, around 45% of sown cotton was destroyed by heavy monsoons and floods.
According to the data, Sindh's cotton arrivals fell by 41% to 1.39mn bales and Punjab's cotton arrivals increased by 3.3% to 1.54mn bales by 1st October 2022.
Moreover, textile companies have bought 2.3mn bales while exports bought 4,900 bales.
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