Pakistan: PCGA report shows diminishing arrivals to December 15

As anticipated, the tempo of seed cotton arrivals again continued to fall quite sharply during the first half of December. The Pakistan Cotton Ginners’ Association (PCGA) report shows a further 106,121 lint equivalent bales were delivered during the period, versus 315,295 during the previous fortnight.  Last season 409,332 bales arrived during the same fortnight.

At 7,274,239 running bales, the cumulative total by December 15 is nonetheless 2,216,815 bales (just under 44 percent) ahead of the corresponding figure last season (5,057,424 bales) but has fallen behind the volume recorded at the same stage of 2019/20 (7,861,203).

Once again, in the current domestic market setting, attention is placed on the unsold stock figure (both pressed and unpressed), which has declined from 473,527 bales on December 1 to 367,283 bales on December 15. That total is below the figure a year earlier (826,267), when output was substantially lower, the result of significantly more active sales to the local spinning industry.

Thus, of the current season’s running total, 6,890,956 bales have been sold onward to textile mills, versus 4,168,657 a year ago, and 16,000 bales (62,500 in 2020) to exporters.

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