Cotton arrivals in Pakistan drop 33%

MG News | January 06, 2025 at 04:27 PM GMT+05:00

0:00

January 06, 2024 (MLN): Cotton arrivals in Pakistan fell 33.27% to 5.452 million bales as of January 03, 2024, as compared to 8.171mn bales in the same period of last year, as per the latest data released by the Pakistan Cotton Ginners Association (PCGA).

The PCGA report indicates a significant decline in cotton production in 2024, negatively affecting the national economy, the textile sector, and the financial stability of farmers.

According to the breakup of the data, cotton arrivals from Sindh province stood at 2.793mn bales, down 31.74% on a year-over-year basis.

Meanwhile, cotton arrivals from Punjab province, another key cotton-producing region, decreased by 34.81% to 2.658mn bales.

Pakistan is among the top ten cotton-producing countries in the world, and cotton and textile products are among the country’s major exports. However, output still stands below expectations.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	172,400.73 346.40M	0.92% 1570.51
ALLSHR	103,483.96 796.97M	0.55% 561.58
KSE30	52,734.06 184.56M	1.08% 564.57
KMI30	245,565.33 110.97M	1.07% 2605.02
KMIALLSHR	67,233.70 319.67M	0.68% 453.28
BKTi	47,898.10 95.85M	0.98% 462.51
OGTi	33,838.49 13.78M	1.39% 464.88

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	88,975.00	90,115.00 87,355.00	1225.00 1.40%
BRENT CRUDE	62.08	62.67 62.05	-0.16 -0.26%
RICHARDS BAY COAL MONTHLY	87.50	0.00 0.00	1.30 1.51%
ROTTERDAM COAL MONTHLY	94.50	0.00 0.00	-0.70 -0.74%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	58.29	58.88 58.23	-0.06 -0.10%
SUGAR #11 WORLD	15.30	15.34 15.16	0.10 0.66%