Pakistan: PCGA seed cotton arrivals
According to the Pakistan Cotton Ginners’ Association (PCGA), arrivals of seed cotton during the first half of December amounted to the equivalent of 553,907 bales of lint; this represents a fall in comparison with the previous fortnight (the figure for which was 773,521 bales), but a gain of nearly 50 percent, when considered in relation to the equivalent two-week period a year ago when the figure was 369,490.
Cumulative arrivals from the 2017/18 crop by December 15 amounted to the equivalent of 10,685,981 bales; the comparable figure on December 15, 2016 was 10,147,941 bales. Thus, this season’s total is now 5.30 percent above the comparable total last year, having been just 3.60 percent ahead a fortnight ago. However, the recent gain in the lead over last year is modest when compared with its overall fall since October 1, when arrivals were 50 percent ahead of the previous season.
The figures also show arrivals in Punjab are now 1.63 percent ahead (reversing the decline shown in the previous two weeks data) of that of last year, while Sindh is 11.70 percent ahead.
Of the total arrivals figure, 8,849,011 bales had been sold onward to textile mills (compared with 8,451,386 by the same date last year) and 213,630 bales (194,844) to exporters. The stock (both pressed and unpressed) in ginners’ hands thus amounted to 1,623,340 bales, versus 1,501,711 a year earlier.
826 ginning factories were still continuing with this season’s operations, 306 more that at the same date last year.
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