6.9 M Cotton Bales Reach Ginneries Across Pakistan, Arrivals

MULTAN, (UrduPoint / Pakistan Point News - 03rd Nov, 2016 ) : Seed cotton (Phutti) equivalent to 6.948 bales have reached ginneries across the country till November 1, 2016 registering increase of 7.47 per cent compared to corresponding period of last year.

According to a fortnightly report of Pakistan Cotton Ginners Association (PCGA) issued here Thursday, out of total arrivals, Phutti equivalent to 5,684,892 bales has undergone the ginning process.

The arrival at Punjab ginneries was recorded at over 3.9 million (3,922,050) bales recording a percentage increase of 13.8 per cent compared to corresponding period of last year. Arrivals at ginneries in Sindh were recorded at over 3 million (3,020,429) bales showing a percentage increase of 0.20 per cent.

Textile Mills have purchased over 4.9 million (4,996,603) bales while exporters have bought 121,629 bales. Exactly 1,830,149 bales were still lying with the ginneries as the unsold stock, the report said.