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Cotton arrival at Pak ginneries down 20.49% as on Dec 1

Wed Dec 04 2019

 

Over 7.447 million bales of cotton have arrived in 2019-20 season at various ginneries in Pakistan, as on December 1, 2019, down 20.49 per cent over arrival of 9.336 million bales during the corresponding period of last season, according to the latest fortnightly report on cotton arrivals, released by Pakistan Cotton Ginners’ Association (PCGA).

 

In the major cotton producing province of Punjab, total cotton arrivals decreased by 24.06 per cent year-on-year to 4.141 million bales, according to the report prepared by PCGA, in joint cooperation with All Pakistan Textile Mills Association (APTMA) and the Karachi Cotton Association (KCA). While in Sindh province, cotton arrivals decreased 15.52 per cent to 3.306 million bales as on December 1 during the ongoing cotton season 2019-20.

 

Of the total arrival of 7.447 million bales at various ginneries in Pakistan, 6.952 million bales were pressed by ginners, of which 6.024 million bales were sold, leaving an unsold stock of 927,820 bales with the ginners, as on December 1, according to the data.

 

The textile mills in Pakistan consumed 5.974 million bales, while another 50,430 bales of cotton were sold to exporters, according to the data. The Trading Corporation of Pakistan (TCP) has not procured any bale of cotton so far this season.

 

As of December 1, a total of 363 ginning factories were operational in Punjab compared to 404 ginneries that were operational during the same time last season. Similarly, 210 ginning unit was operational in the Sindh region, compared to 188 operating units during the corresponding period last year.

 

Source: https://www.fibre2fashion.com

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