Lahore November 3 2024: Cotton arrivals are picking up pace in Pakistan, with the overall decline now reduced to 36.8 percent, down from 59.4 percent at the beginning of October 2024.
Most of the improvement in cotton arrivals has been observed in the areas of Bhawalnagar, Bahawalpur, and Rahim Yar Khan in Punjab, as well as Sanghar in Sindh. However, cotton production in these regions remains lower than last year’s levels.
Seed Cotton (Phutti) equivalent to over 4.2 million (42,91,105) bales have reached ginning factories across Pakistan till October 31, 2024, registering a decrease of 36.84 percent as compared to corresponding period of last year.
According to a fortnightly report by Pakistan Cotton Ginners Association (PCGA) issued here Sunday, over 3.7 million (37,90,139) bales had undergone the ginning process i.e converted into bales.
Cotton arrivals in Punjab were recorded 18,42,257 bales registering a decrease of 38.53 percent as compared to the corresponding period of last year when arrivals were recorded 29,96,921 bales.
Sindh generated 24,48,848 bales registering a decrease of 35.51 percent as compared to corresponding period of last year when arrivals were recorded 37,97,085 bales.
Arrivals of seed cotton in Baluchistan were recorded at 1,31,800 bales.
Exporters/traders bought 31,000 cotton bales while textile sector bought total 35,35,733 bales.
Trading Corporation of Pakistan (TCP) had not yet started procuring cotton in 2024,25, says the report. As many as 724,372 unsold bales stock was present.
A total of 560 ginning factories were operational in the country.
