Cotton production falls 59%
MG News | October 03, 2024 at 03:01 PM GMT+05:00
October 03, 2024 (MLN): Cotton arrivals in Pakistan plunged 59% to 2.04 million bales as of September 30, 2024, as compared to 5.025m bales in the same period of last year, according to data compiled by brokerage house Arif Habib Limited (AHL).
According to the breakup of the data, cotton arrivals from Sindh province stood at 1.31m bales, down 56% on a year-over-year basis.
Meanwhile, cotton arrivals from Punjab province, another key cotton-producing region, decreased by 65% to 727,000 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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