Cotton arrivals slump 49% as of Aug 15
By MG News | August 19, 2024 at 11:32 AM GMT+05:00
August 19, 2024 (MLN): Cotton arrivals in Pakistan fell 49.2% to 1.075 million bales as of August 15, 2024, as compared to 2.115m 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 682,292 bales, down 53.9% on a YoY basis.
Meanwhile, cotton arrivals from Punjab province, another key cotton-producing region, decreased by 38.3% YoY to 392,736 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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