LAHORE: Seed cotton equivalent to 8.565 million cotton bales reached the ginning factories across the country from February 15 till March 1, as compared to 10.741 million bales reaching the ginning factories during the same period last year (2019).
According to figures shared by the Pakistan Cotton Ginners’ Association (PCGA), a shortfall of 2.176 million cotton bales was recorded during the period under review, which was equivalent to a decrease of 20.26pc.
In Punjab, 5.91 million bales reached the ginning factories as of March 1, which was 22.77pc less than last year (6.592 million bales).
Similarly, during the period under review, as many as 3.474 million bales reached the ginning industries of Sindh, as against 4.149 million bales reaching the same during last year, registering a decline of 16.27pc.
“A total of 8.552 million knots of cotton were produced from 8.565 million cotton bales, which, after undergoing the ginning process, reached the ginning factories from across the country,” a PCGA official told this scribe.
According to figures, out of 8.552 million cotton knots, the textile sector purchased 7.929 million knots. Trading Corporation (TCP) did not purchase cotton knots during the cotton season 2019-20.
It is pertinent to mention that around 31 ginning factories were currently operational in the country, of which 24 ginning factories were operational in Punjab, producing 5.81 million cotton knots.
As many as 0.577million cotton knots were still lying with ginneries as unsold stock.
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