Cotton arrivals reach 3.93m bales as on September 15

MG News | September 18, 2023 at 11:33 AM GMT+05:00

0:00

September 18, 2023 (MLN): Cotton arrivals in Pakistan have reached 3.933 million bales as of September 15, 2023, data released by the Pakistan Cotton Ginners Association (PCGA) on Monday showed.

The total cotton arrivals have increased by 79.87% YoY compared to 2.187m bales in the Same Period Last Year (SPLY).

In comparison to the data for August 31, in which the total arrivals were 3.041m bales, cotton arrivals increased by 29.33%.

According to the PCGA, cotton arrivals from Sindh province, which is a major cotton-producing region, rose by 2.15x YoY to 2.389m bales.

When compared to the data issued earlier on August 31, in which the arrivals from Sindh province stood at 1.972 million bales, there has been an increase of 21.15%.

Meanwhile, cotton arrivals from Punjab province, another key cotton-producing region, increased by 44% YoY to 1.544m bales.

The number of 1.544 million bales marks a 44.57% increase compared to the 1.068m bales reported two weeks earlier.

Pakistan is among the top ten cotton-producing countries in the world, and cotton and textile products are among the country’s major exports.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	166,961.01 181.62M	0.87% 1443.50
ALLSHR	99,405.24 362.81M	0.97% 956.47
KSE30	50,558.64 107.46M	0.78% 389.59
KMI30	243,019.66 86.09M	0.76% 1827.26
KMIALLSHR	65,164.33 186.16M	0.92% 592.21
BKTi	45,722.59 35.70M	0.42% 193.35
OGTi	34,412.50 5.35M	0.31% 106.37

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	71,810.00	73,440.00 71,570.00	-480.00 -0.66%
BRENT CRUDE	97.38	97.95 96.03	1.46 1.52%
RICHARDS BAY COAL MONTHLY	105.00	0.00 0.00	0.10 0.10%
ROTTERDAM COAL MONTHLY	105.50	105.70 105.50	-1.20 -1.12%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	99.47	100.00 97.58	1.60 1.63%
SUGAR #11 WORLD	14.02	14.06 13.91	0.10 0.72%