Categories: Business

Over 1.5m cotton bales reach ginneries across Pakistan with 14.4 pc decrease

F.P. Report

MULTAN: Seed cotton (Phutti) equivalent to over 1.5 million or exactly 15,39,710 bales have reached ginning factories across the country till September 1, registering decrease of 14.04 percent as compared to corresponding period of last year.

According to a fortnightly report of Pakistan Cotton Ginners Association (PCGA) released on Saturday, over 1.4 million or 14,04,254 bales have undergone the ginning process i.e converted into bales. Cotton arrivals in Punjab were recorded at over 0.7 million or 7,03, 993 bales registering a surplus of 29.09 percent as compared to corresponding period of last year when arrivals were recorded 1,58,650 bales.

Sindh generated over 0.8 million or 8,35,717 bales registering decrease of 32.92 pc as compared to corresponding period of last year when arrivals were recorded 12,45,782 bales.

Textile mills bought 13,24,769 bales while exporters and Trading Corporation of Pakistan (TCP) didn’t buy during the cotton season 2022-23.

Sanghar district of Sindh topped with cotton arrival figure of 6,12,056 bales followed by Vehari district of Punjab with 1,03,257 bales. Total 392 ginning factories were operational in the country.

Exactly 2,14,951 cotton bales unsold stock was available in ginning factories. (APP)

The Frontier Post

Recent Posts

Five killed by Russian strikes in eastern Ukraine

KYIV (AFP): Five people were killed Wednesday as Russia struck Ukraine's eastern Kharkiv and Donetsk…

3 hours ago

Colombian president says country will cut diplomatic ties with Israel

COLOMBIA: Colombian President Gustavo Petro has announced plans to cut diplomatic ties with Israel over…

3 hours ago

Gaza aid port 50 percent complete: Pentagon

WASHINGTON (AFP): The temporary pier being constructed by the US military to increase humanitarian aid…

3 hours ago

Harvey Weinstein faces accuser as judge orders retrial

NEW YORK (AFP): Disgraced film mogul Harvey Weinstein faced one of his accusers in New…

3 hours ago

President calls for taking measures to curb street crimes in Sindh

F.P. Report KARACHI : President Asif Ali Zardari on Wednesday urged Sindh Chief Minister Syed…

4 hours ago

Bilawal advocates PPP-mode over privatization for institutional success

F.P. Report ISLAMABAD/KARACHI: Chairman Pakistan People's Party (PPP) Bilawal Bhutto Zardari has advocated for a…

4 hours ago

This website uses cookies.