6.8m cotton bales reach ginneries

MULTAN: Over 6.8 million bales of cotton reached ginneries across Pakistan by Oct 31, showing a 2.20 per cent increase, says a fortnightly report by the Pakistan Cotton Ginners Association on Saturday.

According to the report, cotton arrival was recorded at 6,851,056 bales and of them 6,179,079 were ginned. Trading Corporation of Pakistan (TCP) has not yet started the purchase of ginned cotton.

The report said that exporters had bought 126,068 bales and Textile millers have bought 52,32,807 bales till Oct 31.

The stock of unsold bales was recorded at over 1,492,181 bales, says the report.