Cotton arrivals fall 20.3pc to 8.57m bales

MULTAN: Seed cotton equivalent to 8.57 million bales reached ginneries across Pakistan till Mar 15, 2020, registering a 20.36pc shortfall compared to the corresponding period of last year.

Out of the total arrivals, over 8.56 million bales underwent the ginning process, according to a fortnightly report released to media by Pakistan Cotton Ginners Association (PCGA) on Wednesday.

Arrivals in Punjab were recorded at 5.09 million bales, while in Sindh, the same was recorded at 3.47 million bales.

Total sold out bales were recorded at over 8.06 million bales, including 8 million bales bought by textile mills and 58,666 bales purchased by exporters.

As many as 503,458 bales were still lying with the ginneries as unsold stock.

Sanghar district of Sindh continued to remain on top with cotton arrival figures at over 1.13 million bales while Rahimyar Khan and Bahawalnagar districts of Punjab stood second and third with cotton arrival figures at 1.1 million bales and 1.04 million bales, respectively.

The report does not include cotton arrival figures from the districts of Kasur and Sargodha.

A total of 16 ginning factories were operational in the country, including four in Sindh and 12 in Punjab.

The fortnightly flow of cotton bales for second fortnight of Mar 2020 was recorded at 5,885 bales.

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