Cotton arrival at ginneries cross 10 mn bales: PCGA

Over 10.132 million bales of cotton have arrived in 2017-18 season at various ginneries in Pakistan, as on December 1, 2017, up 3.62 per cent over arrival of 9.778 million bales during the corresponding period of last season, according to the latest fortnightly report on cotton arrivals, released by Pakistan Cotton Ginners’ Association (PCGA).

In the major cotton producing province of Punjab, total cotton arrivals decreased by 0.83 per cent year-on-year to 6.107 million bales, according to the report prepared by PCGA, in joint cooperation with All Pakistan Textile Mills Association (APTMA) and the Karachi Cotton Association (KCA). While in Sindh province, cotton arrivals increased 11.18 per cent to 4.024 million bales as on December 1 during the ongoing cotton season 2017-18.

Of the total arrival of 10.132 million bales at various ginneries in Pakistan, 9.281 million bales were pressed by ginners, of which 8.274 million bales were sold, leaving an unsold stock of 1,006,991 bales with the ginners, as on December 1, according to the data.

The textile mills in Pakistan consumed 8.062 million bales, while another 211,989 bales of cotton were sold to exporters, according to the data. The Trading Corporation of Pakistan (TCP) has not procured any bale of cotton so far this season.

As of December 1, a total of 666 ginning factories were operational in Punjab compared to 566 ginneries that were operational during the same time last season. Similarly, 294 ginning units were operational in the Sindh region, compared to 222 operating units during the corresponding period last year.

Source: www.fiber2fashion.com