Cotton arrivals fall 20pc to 8.54m bales 

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LAHORE: As many as 8.547 million cotton bales reached the ginning industries across the country from February 1 till February 15, as compared to 10.7 million bales reaching the industries during the same period last year.

According to figures shared by the Pakistan Cotton Ginners’ Association (PCGA), a shortfall of 2.153 million cotton bales was recorded during the period under review, which was equivalent to a decrease of 20.12pc.

In Punjab, 5.73 million bales reached the ginning industries as of February 15, which was 22.56pc less than last year (6.55 million bales).

Similarly, during the period under review, as many as 3.473 million bales reached the ginning industries of Sindh, as against 4.148 million bales reaching the same during last year, registering a decline of 16.26pc.

“A total of 8.520 million knots of cotton (produced from bales) reached the ginning industries across the country as of February 15,” a PCGA official told this scribe.

According to figures, out of 8.520 million cotton knots, the textile sector purchased 7.795 million knots, while exporters purchased 0.059 million of the same.

Trading Corporation (TCP) did not purchase cotton knots during the cotton season 2019-20.

Around 71 ginning industries remained operational during the period under review. Of the total, 62 ginning industries belonged to Punjab, producing 5.49 million cotton knots.

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