Seed cotton (phutti) equivalent to 1.5 million bales reached ginning factories across the country till September 1, registering a decrease of 14.04% as compared to the corresponding period of last year. According to a fortnightly report of Pakistan Cotton Ginners Association (PCGA) released on Saturday, over 1.4 million bales have undergone ginning process, ie converted into bales. Cotton arrivals in Punjab were recorded at 0.7 million bales, recording a surplus of 29.09% as compared to the corresponding period of last year, when arrivals stood at only 158,650 bales. Sindh generated supplies of over 0.8 million bales, a decrease of 32.92% as compared to the corresponding period of last year, when arrivals were recorded at 1.24 million bales. Textile mills bought 1.32 million bales while exporters and Trading Corporation of Pakistan (TCP) didn’t make any purchases during current cotton season 2022-23. Sanghar district of Sindh topped the chart with cotton arrivals of 612,056 bales, followed by Vehari district of Punjab with 103,257 bales.
Published in The Express Tribune, September 4th, 2022.
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