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Pakistan witnessed an increase of 4.73 percent in cotton arrival

YarnsandFibers News Bureau 2014-09-19 17:40:00 – Karachi

This year the cotton arrival in Pakistan market has shown an increase of 4.73 percent. Around 2,750,563 cotton bales were sourced to the country's ginners by September 15th, according to Pakistan Cotton Ginners Association (PCGA) fortnightly report.

Cotton trading remained firm amid strong physical price and higher cottonseed prices.

PCGA Chairman Mukhtar Ahmed Baloch briefing about seed-cotton (phutti) arrivals, sales and unsold stock of cotton said that 2,314,837 cotton bales were sold to the textile units, while the exporters bought 97,615 bales. Thus, overall 2,412,452 bales had been traded so far.

Due to the recent floods that had played havoc in Southern Punjab, which was the country's cotton zone, less crop output was expected. Total 580 out of 1,200 ginning factories were operational in Sindh and Punjab.

Baloch said that Punjab contributed 1,190,680 bales, Sindh 1,559,883 bales and Balochistan 20,200 bales. After the total trading of 2,412,452 bales, there were 338,111 bales available with the ginners as unsold stock.

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