KARACHI: The country is likely to achieve the cotton production target of 13 million bales this season, latest figures released by the Pakistan Cotton Ginners Association (PCGA) show.

The country produced 5.984m cotton bales by Oct 15, up 36.79 per cent from the output recorded in the corresponding period of last year.

Following a crop failure in the last two consecutive seasons, the cotton production is likely to be 3m bales higher this year.

Both Sindh and Punjab recorded higher year-on-year cotton production with the former producing 534,687 more bales. The output of Punjab was 1.07m more bales up to Oct 15.

Punjab’s cotton production grew 54.89pc to 3.032m bales this year. Sindh produced 2.951m bales, showing a growth of 22.12pc year-on-year.

The fortnightly flow of phutti from cotton fields to ginneries remained 1.993m bales against 1.729m bales last year.

As for consumption, spinners purchased 4.232m bales against 3.144m bales that they lifted in the corresponding period last year.

Exporters purchased 180,602 bales compared to 95,490 bales a year ago.

Ginners are also holding unsold cotton stocks of 1.571m bales compared to 1.135m bales last year.

In total 979 ginning factories are currently operating in Sindh and Punjab.

Published in Dawn, October 19th, 2017

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Stirring trouble
Updated 08 Dec, 2024

Stirring trouble

The demands put forth this time are simple and doable at little political cost.
Unfairness in cricket
08 Dec, 2024

Unfairness in cricket

HOPES that cricketing ties between Pakistan and India would be strengthened by the latter team’s visit across the...
Syria rebel advance
08 Dec, 2024

Syria rebel advance

CITY after city in Syria is falling into rebel hands as Bashar al-Assad’s government looks increasingly vulnerable...
Threat perception
Updated 07 Dec, 2024

Threat perception

Despite clear proof of the threat posed by malign armed actors, the military and civilian leadership prefers to focus on political opponents.
Humanity at risk
07 Dec, 2024

Humanity at risk

HUMAN trafficking continues to remain an area where the state has utterly failed its citizens. While global...
Banks and larger goals
07 Dec, 2024

Banks and larger goals

THAT banks in Pakistan “prioritise profit over purpose” and promote financial products with limited knowledge of...