Latest figures released by the Pakistan Cotton Ginners Association (PCGA) disclose that it is estimated that Pakistan would achieve their cotton production target of 13 million bales this season.
Pakistan produced 5.984m cotton bales by Oct 15, up 36.79 per cent as against the output recorded in the corresponding period last year. Following a crop failure in the last two consecutive seasons their cotton production is likely to be 3m bales higher this year.
Sindh and Punjab recorded higher year-on-year cotton production with Sindh province producing 5,34,687 more bales while for Punjab it was 1.07m more bales up to Oct 15. Punjab’s cotton production grew 54.89pc to 3.032m bales this year. Sindh produced 2.951m bales, recording a growth of 22.12 per cent year-on-year.
The fortnightly flow of phutti from cotton fields to ginneries remained at 1.993m bales as against 1.729m bales last year.
As for consumption, spinners purchased 4.232m bales when compared to 3.144m bales that they lifted in the same period last year.
Exporters purchased 1,80,602 bales as against 95,490 bales a year ago while ginners are also holding unsold cotton stocks of 1.571m bales as against 1.135m bales last year. About 979 ginning factories are currently operating from Sindh and Punjab.
