MULTAN – The cotton arrival at ginning factories has gone up by 7.94 percent till April 15 compared to the corresponding period last year, disclosed a fortnightly report on cotton arrival resealed by Pakistan Cotton Ginners Association (PCGA).
The report revealed that over 11.579 million bales of cotton arrived at various ginneries in the country on April 15, 2018 as compared to arrival of 10.727 million bales during the corresponding period last season. Of which 1,12,09,312 million bales were sold, leaving an unsold stock of 3,69,869 bales with the ginners, on April 15, according to the data. The textile mills in Pakistan consumed 10.992 million bales, while another 2,16,615 bales of cotton were sold to exporters, according to the data.
Ginneries in Punjab recorded arrival of 73,25,758 bales against the last year arrival of 69,40,071 bales showing an increase of merely 5.56 percent. Sindh ginneries recorded arrival of 42,53,423 bales while last year Sindh received 37,87.111 bales 12.31percent more.
Textile mills have bought 1,07,,790, bales while exporters bought 2,16,615 bales. The total bales sold out so far were calculated at 1,09,54,405 bales.
While 5,97,847 bales are lying unsold because some ginners are waiting for higher prices of cotton in market.
Multan received 2,83,712 bales 3.72 percent decrease than last year, Lodhran 1,72,923 bales 10.35 percent decrease, Khanewal 7,09,710 bales an increase of 22.22 percent, Muzaffargarh 3,77,489 bales an increase of 15.55 percent, Dera Ghazi Khan 4,37,900 an increase of 30.01 percent, Rajanpur 4,48,597 bales, 34.59 percent increase, Layyah 2,94,142 bales 9.25 percent increase, Vehari 5,94,601 bales 53.93 percent increase, Sahiwal 2,75,857 bales 29.90 percent more than last year, Pakpattan 39,130 bales 6.63 percent decrease, Okara 15,775 bales 17.35 percent short, Toba Tek Singh 1,79,108 bales, 12.98 percent increase, Faisalabad 38,776 bales 4.45 percent less than last year, Jhang 21,328 showing a decrease of 29.15 percent, Mianwali 2,06,265 a decrease of 21.97 percent, Bhakkar 85,097 (38.05 percent more) Sargodha 7,293 (25.94 percent decrease), Rahimyar Khan 10,72,790 bales (6.35 percent decrease), Bahawalpur 10,27,263 an increase of 3.16 percent, and Bahawalnagar 10,28,425 bales ,a decrease of 18.21 percent.
In Sindh province: Hyderabad 2,52,389 bales 10.95 percent more than last year, Mirpur Khas (Thar) 2,21,367 bales 18.17 percent less, Sangarh, 13,83,017 bales 12.56 percent increase, Nawabshah 3,48,299 bales (5.92 percent increase), Naushero Feroze 3,75,311 bales (9.92 percent increase), Khairpur 3,37,518 (16.49 percent increase) Ghotki 3,85,265 (27.75 percent increase),Sukkur, 6,16,765 (16.56 percent increase), Dadu 69,182 (54.77 percent increase), Jamshoro 1,30,110 bales (17.85 percent more), Badeen 17,335 bales 35.86 percent less) and Balochistan 1,16,700 bales (an increase of 53.68 percent).
Total 28 ginning factories are operational in the country. Of them 10 in Punjab and 4 in Sindh. Total 3,69,869 bales are lying in unsold.
Source The Nation