MULTAN, Mar 3 (APP): Pakistan Cotton Ginners Association
(PCGA) on Tuesday released its fortnightly report indicating
national cotton production at 10.707 million bales, showing a
percentage increase by 10.07 per cent.
As many as 10.707 million bales of seed cotton (phutti)
had reached ginneries across Pakistan till Mar 1, 2017,
registering a 10.07 per cent gain compared to corresponding
period of last year.
Out of total arrivals, 10.69 million bales have undergone
the ginning process.
The arrivals at Punjab ginneries were recorded 6.9 million
bales, recording a percentage increase of 16.08 per cent, compared
to corresponding period of last year.
Arrivals at ginneries in Sindh were recorded at 3.786 million
bales, showing a percentage increase of 0.55 per cent.
Textile mills have purchased 9.9 million bales, while exporters
have bought 202,356 bales. Total sold-out bales were calculated at
10.1 million bales.
Exactly 603,246 bales were still lying with the ginneries as
the unsold stock, the report said.