Unsold cotton stock reached to 1.8 million -PCGA issues cotton arrival figures

MULTAN,Dec18th : Pakistan Cotton Ginners Association (PCGA) has issued the figures of cotton arrival upto Dec 15,2018 today.. Seed cotton (Phutti) equivalent to over 99,62,657 bales of cotton  have reached ginneries across Pakistan as of Dec 15,2017,showing an decrease of 6.77 per cent compared to corresponding period last year when ginneries received 1,06,85,981 bales. According to the 7th  fortnightly report of Pakistan Cotton Ginners Association (PCGA) issued with the approval of three member committee comprising  Mehr Muhammad Ashraf (Convener) Malik Talat Suhail and Salman Maqbool  here today. Briefing the media men about cotton production they said that 5,95,719 bales of cotton received during this fortnight. Out of the total arrivals, 9.962 million bales of cotton have been converted into bales so far. Ginneries in Punjab recorded arrival of  59,18,023 bales against the last year arrival of 65,49,612 bales showing a  decrease of 9.64 per cent. Sindh ginneries recorded arrival of 40,44,634 bales while last  year Sindh received 41,36,369  bales 2.22 % less as compared to corresponding period last year.Textile mills have bought 80,55,160 bales while exporters bought 99,589 bales. The total bales  sold out so far were calculated at 81,54,749 bales. While 18,07,908  bales are lying unsold .Multan received 2,21,133 bales 15.76 %  decrease than last year, Lodhran 1,21,199 bales 15.28  % decrease, Khanewal 4,87,801  bales a decrease of 15.28 %, Muzaffargarh 3,11,984   bales a decrease of 2.68 %, Dera Ghazi Khan 4,26,346 an increase of 6.28 %, Rajanpur 4,11,204  bales, 5.22% decrease, Layyah 2,18,245 bales  20.94.% decrease, Vehari 4,12,787 bales  24.91  % decrease, Sahiwal 1,93,405 bales 21.70  % less than last year, Pakpattan 19,224  bales 48.75 % decrease, Okara 12,600 bales- 21.13 % short, Toba Tek Singh 1,37,307  bales, 12.06  % decrease , Faisalabad 29,350  bales 15.54  % less than  last year, Jhang 14,050  showing a decrease of 32.45  %, Mianwali 85,360 a decrease of 55.65 % , Bhakkar 29,980 (62.74 % less) Sargodha (Figures not received), Rahim yar Khan 10,95,437  bales (12.79 % increase), Bahawalpur 8,63,442 a decrease of 7.33 %,and Bahawalnagar 8,27,116  an increase of 0.59  %.  In Sindh province: Hyderabad 2,24,816 bales 9.39 % less than last year,Mirpur Khas (Thar) 1,20,163 bales 45.44 % less, Sangarh ,12,72,975  bales  7.31 % decrease, Nawabshah 3,77,079 bales (9.57  % increase), Naushero Feroze 3,62,055 bales (0.55  % increase), Khairpur 3,66,359 1,564 (11.48 % increase) Ghotki 4,29,722 (18.86  % increase),Sukkur 6,06,749 (6.38% increase), Dadu 65,500 (5.14 % increase), Jamshoro 1,00,991bales (22.26 % less) ,Badeen 4,400 bales 74.62 % less) and Baluchistan 1,13,825  bales (a decrease of 2.13%). Total 513 ginning factories are operational in the country.Of them 365 in Punjab and 148 in Sindh.Total 18,07,908 bales are lying in unsold stock.They told that the data was collected with joint cooperation of PCGA, APTMA and KCA. The Cotton Crop Assessment Committee (CCAC) may revise cotton production estimates to 10.5 million bales of 170kg each for this season, down from earlier projections of 10.87m bales.The predictions dashed all hopes of harvesting a bumper cotton crop in 2018-19.The country’s overall cotton production has deteriorated over the years in turn affecting the gross domestic product. The country’s last bumper cotton crop of 14.9m bales was harvested in 2013-14.Under the revision, production in Sindh is expected to witness a shortfall of merely 0.1 million bales to 0.12m bales. The province produced 4.253m bales in last season. Production estimates for Balochistan were also revised upward to 0.15m, which is lower than the last year’s output. Khyber Pakhtunkhwa is expected to produce around 0.02m bales.The country’s cotton production has been under stress during the last four years as country mainly because of adverse effects of climate change and shortage of irrigation water and partly due lack of attention to the declining output from the successive governments.

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