Cotton arrivals slump 48.5% as of July 15

MG News | July 22, 2024 at 03:49 PM GMT+05:00

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July 22, 2024 (MLN): Cotton arrivals in Pakistan fell 48.5% YoY to 442,041 bales as of July 15, 2024, as compared to 858,007 bales in the same period of last year, as per the latest data released by the Pakistan Cotton Ginners Association (PCGA).

According to the breakup of the data, cotton arrivals from Sindh province stood at 327,666 bales, down 50.3% on a YoY basis.

Meanwhile, cotton arrivals from Punjab province, another key cotton-producing region, decreased by 42.5% YoY to 114,375 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.

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