Pakistan Cotton Ginners Association (PCGA) has issued the figures of cotton arrival up to February 15,2017. Seed cotton (Phutti) equivalent to over 10,685,254 bales of cotton have reached ginneries across Pakistan as of February 15,2017, showing an increase of 10.30 percent compared to corresponding period last year when ginneries received 9,687,118 bales.
According to the 10th fortnightly report of Pakistan Cotton Ginners Association (PCGA) issued here on Saturday, Chairman of PCGA Dr Jeso Mal, Ex-Chairman Shehzad Ali Khan and group Chairman Haji Muhammad Akram, Senior Vice Chairman Suhail Mehmood Haral briefed the media-men about cotton production and said out of the total arrivals, 10.68 million bales of cotton have been converted into bales so far.
Ginneries in Punjab recorded arrival of 6,889,312 bales recorded increase of 16.40 percent. Sindh ginneries recorded arrival of 3,785,942 bales while last year Sindh received 3,759,746 bales merely 0.70 percent more. Ginneries in Sindh recorded an increase of 0.70 percent as compared to corresponding period last year. Textile mills have bought 9,721,932 bales while exporters bought 2,02,356 bales.
The total bales sold out so far were calculated at 9,924,288 bales. While 7,60,966 bales are lying unsold . Multan received 2,94,482 bales 127.74 percent increase than last year, Lodhran 1,91,772 bales 96.82 percent increase, Khanewal 5,79,738 bales 43.88 percent increase of 15.69, Muzaffargarh 3,26,680 bales an increase of 24 percent, Dera Ghazi Khan 3,36,832 an increase of 15.41 percent, Rajanpur 3,36,632 bales, 17.71 percent decrease, Layyah 2,69,241 bales 6.86. percent increase, Vehari 3,82,727 bales 23.90 percent increase, Sahiwal 2,11,571 bales 16.87 percent less than last year, Pakpattan 41,909 bales 37.01 percent less, Okara 19,086 13.63 percent less, Toba Tek Singh 1,58,629 bales, Faisalabad 39,580 bales 26.64%less than last year, Jhang 30,102 showing decrease of 26.51 percent, Mianwali 2,64,342 a decrease of 22.15%, Bhakkar 61,641 (25.25 percent less) Sargodha 9,847 (12.07 percent less), Rahimyar Khan 11,44,954 bales (Merely 2.90 percent increase), Bahawalpur 9,81,352 an increase of 33.69 percent, and Bahawalnagar 12,21,615 an increase of 34 percent.
In Sindh: Hyderabad 2,27,486 bales 9.27 percent less than last year, Mirpur Khas (Thar) 2,69,933 bales one percent less, Sangarh, 12,30,041 bales 7.83 percent decrease, Nawabshah 3,27,157 bales (4.65 percent increase), Naushero Feroze 3,36,411 bales (18.84 percent increase), Khairpur 2,89,517 (9 percent increase) Ghotki 3,01,574 (3.88 percent increase), Sukkur 5,42,831 (19.26 percent increase) Dadu 44,791 bsales (25.26 percent increase) Jamshoro 1,12,036 bales (15.76 percent less), Badeen 27,027 bales 14.47 percent less) and Baluchistan 75,936 bales (an increase of 32,12 percent). Total 44 ginning factories are operational in the country, of them 36 in Punjab and percent in Sindh. Total 7,60,966 bales are lying in unsold stock.
No content from Business Recorder shall be reproduced, published, broadcast, rewritten for broadcast or publication, or redistributed directly or indirectly in any medium.
Business Recorder shall not be responsible or held liable for any error of fact, opinion or recommendation and also for any loss, financial or otherwise, resulting from business or trade or speculation conducted, or investments made, on the basis of the information posted here. Nor shall Business Recorder be held liable for any actions taken in consequence." >Copyright Business Recorder, 2017