Cotton production in Pakistan has noted a slight increase of 9.81 per cent to 10.72 million bales, stated the Pakistan Cotton Ginners Association (PCGA). Ginners in the country have received a total of 10.72 million bales by April 15 against 9.76 million bales during the corresponding period last year.
Of such stocks, 10.25 million bales were sold to local mills against 9.05 million bales last year. However, 202,356 bales were exported, down 44 per cent against 362,141 bales exported last year. A total of 265,597 million bales remain unsold with the ginners, down against last year’s stocks of 349,776 bales.
“During April 1-15, the total outflow of lint remained at 1,445 bales, against last year’s flow of 6,299 bales during the same period. Number of ginning factories in operation has also decreased to seven from 16 during the same period last year. A total of 6.94 million bales were reported from Punjab, up 15.62 percent against 6.0 million bales last year, while arrivals from Sindh remained almost flat at 3.78 million bales,” added the statement.
Pakistan cotton production for 2016-17 was predicted to rebound to 7.7 million 480-pound bales, an increase of 10 per cent from last year.