Cotton arrivals slump 60% as of Aug 31
MG News | September 03, 2024 at 01:01 PM GMT+05:00
September 03, 2024 (MLN): Cotton arrivals in Pakistan fell 59.7% to 1.226 million bales as of August 31, 2024, as compared to 3.041m 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 773,091 bales, down 60.8% on a year-over-year basis.
Meanwhile, cotton arrivals from Punjab province, another key cotton-producing region, decreased by 57.6% to 452,855 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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