Faisalabad October 3 2022: As per the latest data released by the Pakistan Cotton Ginner’s Association (PCGA), the cotton arrival in the country decreased by 23.67 percent YoY and reached at 2,936 thousand bales as of 1st October 2022 due to catastrophic climate changes resulting in above normal rainfalls causing floods.
The country has received nearly 190% more rain than the 30-year average in the quarter through August this year, totalling 390.7 millimetres (15.38 inches).
The horrendous floods that hit many areas of Pakistan back in August 2022, affecting 33 million people and an estimated cost of more than $25 billion of infrastructural damage and fosses- floods have also affected the Cotton crop. Sindh province, with a population of 50 million, was hardest hit, getting 466% more rain than the 30-year average.
Pre-flood estimates of Cotton production were to exceed 9 million bales, whereas the in the present situation 6 million bales after an estimated loss of 3 million bales are to be expected, as per All Pakistan Textile Mills Association (Aptma).
Cotton arrival in Punjab reached at 1,545 thousand bales as of 1st October 2022 compared to 1,495 thousand bales in the same period last year, witnessed an increase of 49 thousand bales or 3.33 percent.
Punjab Agriculture Minister Syed Hussain Jahania Gardezi has said that six per cent of the cotton crop has been affected by rains and floods in the province.
Cotton arrival in Sindh reached 1,390 thousand bales on 1st October 2022, compared to 2,350 thousand bales as of 1st October 2021, decline by 40.84 percent YoY and in absolute term 960 thousand bales.
Additional Cotton requirement will be sourced from countries that have a surplus due to the global recession - Turkey is one example of the biggest cotton importer, currently exporting instead. Currently, cotton is being procured from the United States of America, West Africa, Brazil and Afghanistan and various other countries.