Cotton arrival at Pak ginneries down 34.12% as on Jan 15

In the major cotton producing province of Punjab, total cotton arrivals decreased by 30.88 per cent year-on-year to 3.366 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 decreased 38.67 per cent to 2.126 million bales as on January 15 during the ongoing cotton season 2020-21.

Of the total arrival of 5.493 million bales at various ginneries in Pakistan, 5.399 million bales were pressed by ginners, of which 4.907 million bales were sold, leaving an unsold stock of 491,231 bales with the ginners, as on January 15, according to the PCGA report.

The textile mills in Pakistan consumed 4.837 million bales, while another 70,200 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 January 15, a total of 150 ginning factories were operational in Punjab compared to 208 ginneries that were operational during the same time last season. Similarly, 16 ginning units were operational in the Sindh region, compared to 24 operating units during the corresponding period last year.

In the previous cotton season 2019-20, Pakistan had produced around 8.571 million bales of cotton. However, cotton production is estimated to remain lower this season due to water shortage and attacks by cotton leaf curl virus (CLCV) and other pests.

Fibre2Fashion News Desk (RKS)