Cotton arrival in the local markets witnessed year-on-year 10.63 percent increase to 10.634 million bales, according to the Pakistan Cotton Ginners’ Association.
Around 9.717 million cotton bales were so far sold in the local markets as against 8.390 million bales a year ago. Local crop arrival increased in
February as compared to the last year despite torrential rains and flash floods in some cotton growing areas in the country.
Textile mills bought around 9.515 million cotton bales during the fortnight in February as compared to 8.390 million bales a year earlier, official data showed on Thursday and around 202,356 cotton bales were sold to cotton exporters during this period.
Till February 1, cotton arrival from the Punjab rose 16.94 percent to more than 6.849 million bales. The crop arrival from Sindh was recorded at more than 3.784 million bales, registering an increase of 0.79 percent.
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