Cotton arrival at Pak ginneries up 10.07% as on March 3

In the major cotton producing province of Punjab, total cotton arrivals increased by 16.08 per cent year-on-year to 6.920 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 0.55 per cent to 3.786 million bales as on March 1 during the ongoing cotton season 2018-19.

Of the total arrival of 10.707 million bales at various ginneries in Pakistan, 10.669 million bales were pressed by ginners, of which 10.103 million bales were sold, leaving an unsold stock of 5.959 million bales with the ginners, as on March 1, according to the data.

The textile mills in Pakistan consumed 9.901 million bales, while another 202,356 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 March 1, a total of 20 ginning factories were operational in Punjab compared to 41 ginneries that were operational during the same time last season. Similarly, 4 ginning units were operational in the Sindh region, compared to 6 operating units during the corresponding period last year. (PC)

Fibre2Fashion News Desk – India