Seed cotton (Phutti) equivalent to 8.2 million or 81,71,082 bales has reached ginneries across Pakistan till December 31, 2023, recording an increase in arrivals by 77.1 percent compared to the corresponding period of the year 2022.
According to a fortnightly report issued by the Pakistan Cotton Ginners Association (PCGA) on January 03, 2024, arrivals to factories increased by over 3.5 million bales, hence the 77.14 percent increase recorded in 2023 till December 31 compared to 2022.
Over 4 million or 40,78,769 bales’ arrival was recorded at ginning factories in Punjab, showing a surge of over 1.3 million bales compared to the year 2022 calculated at 47.7 percent. In Sindh, arrivals were recorded at over 4 million or 40,92,313 bales, showing a jump of 2.241 million bales, recording a whopping 121.2 percent increase compared to the corresponding period of 2022.
Over 8 million or 80,82,744 bales were converted into bales at ginning factories.
The textile sector continued to maintain its position as the biggest buyer with a figure of over 7.3 million or 73,14,127 bales bought while exporters and traders bought 2,92,126 bales.
Exactly 241 ginning factories were operational in the country including 210 alone in Punjab that have so far prepared over 4 million or 40,80,064 bales in the province.
The arrival of cotton to ginneries in Balochistan was recorded at 187221 bales.
Exactly 5,64,829 bales were still present at the ginneries as unsold stock.
Source: IBP