Millers allowed to import cotton despite sufficient stock

April 04, 2013

Import Cotton
Import Cotton

At least 6,93,191 bales are lying in the cotton ginning factories in unsold stock, on the other hand the government has allowed textile millers to import cotton from different countries. Pakistan Cotton Ginners Association (PCGA) has released the cotton arrival figures on April 3 to show the cotton arrival till April I, 2013.

The Pakistan Cotton Ginners Association (PCGA) in a fortnightly report showed that around 12.888 million cotton bales were sourced to the country’s ginners by April 1, 2013, which shows a decrease of 12.15 percent than last year. PCGA chairman Mahesh Kumar briefed journalists about seed-cotton (phutti) arrivals, sales and unsold stock of cotton. He said that 1,18,51,234 cotton bales were sold to the textile units and exporters bought 3,43,630 bales. Thus, overall 1,21,94,837 bales were traded so far. He said that PCGA was expecting fewer crops which might touch the figures of 130 million bales. Kumar said that a total of 54 out of 1200 ginning factories are operational in Sindh and Punjab.

The chairman of PCGA said that Punjab had contributed 94,84,261 bales which was 20.91 percent less than last year when Punjab contributed 1,19,91,279 bales , Sindh contributed 34,03,767 bales which 27.05 percent more than last year when it contributed 26,79,059 bales and Balochistan 53,025 bales. After the total trading of 1,21,94,837 bales, there are 6,93,191 bales available with ginners as unsold stock.

He said that cotton trading remained firm amid strong physical price and higher cottonseed prices. District wise cotton arrival in Punjab: Multan 4,39,097 bales 36.79 percent less than last year, Lodhran 2,81,428 bales 40.72 % less, Khanewal 9,67,613 showing a decrease of 18.63 %, Muzaffargarh 4,44,373 bales 17.94 % less, Dera Ghazi Khan 3,50,309 showed a derease of 19.68 %, Rajanpur 4,20,279 bales showing a decrease of 14.34% .Heavy rains and spate on hill-torrents badly hit the cotton crop in Ranjapur and Dera GHazi Khan district. Layyah 2,56,059 bales 13.24 percent less than last year, Vehari 9,14,398 bales 16.90 percent short , Sahiwal 6,01,920 bales decreased by 20.71 percent,Pakpattan 2,59,912 showing 26.24 percent less than preceding year, Okara 58,318 showing a decrease of 6.62 percent, Kasur 43,800, Toba Tek Singh, 2,96,440 bales ,Faisalabad 64,462, Jhang 1,59,964, Mianwali 3,32,777 bales, Bhakkar 1,87,914 showing an increase of 7.13 , Sargodha 34,100, RahimyarKhan, 10,56,684, Bahawalpur 11,10,288 and Bahawalnagar 12,04,126 bales. District-wise cotton arrival in Sindh, Hyderabad 2,53,837 bales showing an increase of 23.96 percent, Mirpur Khas 4,04,824,showing bumper crop with 136.89 percent increase. Sangarh 13,39,831 Nawabshah 2,34,880, Naushero Feroze 1,90,934, Khairpur 1,88,400, Ghotki 2,00,566, Sukkur 3,06,259, Dadu 39,700, Jamshoro 1,43,182, Badin 40,950 and Balochistan 53,025 bales. Ginneries received 42,958 bales during the fortnight of March 16 to April I. Unsold stock is 6,93,191 which is more than last year when it swelled to 11,82,303 bales. Source Business Recorder

Published: Zarai Media Team

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