Cotton arrivals surge 81% YoY to 7.75m bales by November

MG News | December 05, 2023 at 10:04 AM GMT+05:00

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December 05, 2023 (MLN): Cotton arrivals in Pakistan reached 7.75 million bales as of November 30, 2023, the latest data released by the Pakistan Cotton Ginners Association (PCGA) showed.

The total cotton arrivals have increased by 81.13% YoY compared to 4.28m bales in the Same Period Last Year (SPLY).

In comparison to the data for November 15, in which the total arrivals were 7.37m bales, cotton arrivals increased by 5.19% or 382,849.

According to the PCGA, cotton arrivals from Sindh province, a major cotton-producing region, increased by 1.9% compared to the data from November 15, reaching 4.02m bales.

When compared to the same period last year, during which the arrivals from Sindh province stood at 1.77m bales, arrivals from Sindh have surged by 2.28x YoY.

Meanwhile, cotton arrivals from Punjab province, another key cotton-producing region, increased by 48.57% YoY to 3.74m bales.

The number of 3.74 million bales marks an 8.98% increase compared to the 3.43m 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

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