Million Plus Cotton Bales Reach Ginneries Across Pakistan, Says First PCGA Report
Faizan Hashmi 1 month ago Fri 18th September 2020 | 05:20 PM
MULTAN, (UrduPoint / Pakistan Point News - 18th Sep, 2020 ) :The first fortnightly report of Pakistan Cotton Ginneries Association (PCGA) of the ongoing cotton season 2020 has put the fresh arrivals of cotton bales at ginneries across Pakistan at over one million.
Seed cotton (Phutti) equivalent to 1,035,194 bales have reached ginneries across Pakistan till Sep 15, 2020, showing a shortfall by 44.12 per cent compared to corresponding period of last year when cotton arrivals stood at just over 1.8 million.
Exactly 886,318 bales have undergone the ginning process, says the report.
Total 832,440 bales have been sold out including 821,640 bales bought by textile millers and rest of 10,800 by exporters leaving this year's unsold stock at 53,878 bales and total unsold bales were counted at 202,754.
Exactly 504,555 bales reached ginning factories in Sanghar.
Out of total 32 cotton producing districts including 21 in Punjab and eleven in Sindh, 29 showed reduction in cotton arrivals compared to last year including 19 in Punjab and 10 in Sindh, the report said.