February 05, 2024 (MLN): Cotton arrivals in Pakistan reached 8.35 million bales as of January 31, 2024, the latest data released by the Pakistan Cotton Ginners Association (PCGA) showed.
In comparison to the data for January 15, in which the total arrivals were 8.258m bales, cotton arrivals have increased by 1.11%.
However, on a year-on-year basis, arrivals have surged by 75.28% YoY compared to the 4.764m cotton arrivals recorded in the Same Period Last Year (SPLY).
According to the breakup of the data, cotton arrivals from Sindh province inched up by 0.28% compared to the data from January 15, reaching 4.11m bales.
Meanwhile, cotton arrivals from Punjab province, another key cotton-producing region, increased by 1.92% to 4.238m bales.
On a YoY basis, arrivals through Sindh and Punjab have surged by 2.2x and 46.5 respectively, during the review period.
The data released further showed that textile companies bought 7.684m bales while exporters bought 292,726 bales.
Moreover, there are currently only 151 ginning factories operating in the industry.
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.
