March 04, 2018
MULTAN - The arrival of cotton bales at ginning factories has registered 7.63 per cent increase till February 28, 2018 as compared to the corresponding period last year, disclosed a fortnightly cotton arrival report released by Pakistan Cotton Ginners' Association (PCGA) here on Saturday. The report further revealed that over 11.524 million bales of cotton arrived in 2017-18 season at various ginneries in Pakistan, as on February 28, 2018, compared to 10.707 million bales during the corresponding period of last season.
Of the total arrival of 11.524m bales at various ginneries in Pakistan, 11.524 million bales were pressed by ginners, of which 10.795m bales were sold, leaving an unsold stock of 7,28,632 bales with the ginners, as on Feb 28. The textile mills in Pakistan consumed 10.579 million bales , while another 2,16,615 bales of cotton were sold to exporters, according to the data.
According to the 12th fortnightly report, ginneries in Punjab recorded arrival of 72,71,323 bales against the last year’s arrival of 69,20,370 bales , showing an increase of merely 5.07 per cent. Sindh ginneries recorded arrival of 42,53,258 bales while last year Sindh received 37,86,611 bales , 12.32pc more .Textile mills have bought 1,05,79,334 bales while exporters bought 2,16,615 bales .
The total bales sold out so far were calculated at 1,07,95,949 bales . While 7,28,632 bales are lying unsold because some ginners are waiting for higher prices of cotton in market. Multan received 2,83,518 bales , 3.72pc decrease than last year, Lodhran 1,71,986 bales , 10.35pc decrease, Khanewal 7,08,554 bales , an increase of 22.22pc, Muzaffargarh 3,69,909 bales , an increase of 13.23pc, Dera Ghazi Khan 4,37,900 bales , an increase of 30.01pc, Rajanpur 4,47,955 bales , 34.40pc increase, Pakpattan 39,130 bales , 6.63pc decrease, Okara 15,775 bales , down 17.35pc, Toba Tek Singh 1,79,108 bales , 12.98pc increase , Faisalabad 38,776 bales , 4.45pc less than last year, Jhang 21,328 bales , showing a decrease of 29.15pc. In Sindh province, Hyderabad receives 2,52,389 bales , 10.95pc more than last year, Mirpur Khas (Thar) 2,21,367 bales , 18.17pc less, Sangarh 13,83,017 bales , 12.56pc increase, Nawabshah 3,48,299 bales (up 5.92pc), Sukkur 6,16,765 (16.56pc increase), Dadu 69,182 (54.77pc increase), Jamshoro 1,30,110 bales (17.85pc more), Badeen 17,335 bales (35.86pc less) and Baluchistan 1,16,700 bales , an increase of 53.68pc). (Source: The Nation)