Cotton production falls to 8.6m bales

Published February 19, 2020
Cotton production fell by 20.12 per cent to 8.6 million bales till January 15 this season against 10.7m bales in the same period last year, the Pakistan Cotton Ginners Association (PCGA) said on Tuesday. — AFP/File
Cotton production fell by 20.12 per cent to 8.6 million bales till January 15 this season against 10.7m bales in the same period last year, the Pakistan Cotton Ginners Association (PCGA) said on Tuesday. — AFP/File

MULTAN: Cotton production fell by 20.12 per cent to 8.6 million bales till January 15 this season against 10.7m bales in the same period last year, the Pakistan Cotton Ginners Association (PCGA) said on Tuesday.

In its fortnightly report, the PCGA noted that the production of cotton bales went down by 2.153m in the current season.

The country is likely to miss the target of 9.5m bales.

According to the PCGA figures till Feb 15, Punjab suffered cotton production losses by up to 22.7pc, followed by Sindh with 16.3.

Punjab produced 5.074m bales against last year’s 6.5m bales, highlighting a shortfall of 1.5m bales. Sindh produced 3.5m bales against last year’s 4.2m bales, with a shortfall of 0.7m bales.

Till February 15, ginning factories produced 8.5m bales during the current season.

Textile sector and exporters purchased 7.8m bales and 5.9m bales, respectively.

Total 71 factories remained functional in Sindh and Punjab. Of these, 62 units are in Punjab and nine in Sindh. Last year during this period 102 factories were functional.

The unsold stock available with the ginning factories is 694,717 bales which was 1.3m bales during the last year.

This year’s stock is 47.4 per cent less as compared to last year. The shortfall of phutti (seed cotton) is 11.9pc.

Cotton analyst Naseem Usman said the government must ensure provision of quality cotton seed to farmers for next crop otherwise the situation will be much worse.

“It is being expected that sowing process in lower Sindh will partially begin in March. Unfortunately so far no proper working has been done by the government institutions for the provision of good quality seed to farmers,” he added.

He said that cultivation of sugar in cotton sowing area is another major factor which is affecting production.

Published in Dawn, February 19th, 2020

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

Opinion

Rule by law

Rule by law

‘The rule of law’ is being weaponised, taking on whatever meaning that fits the political objectives of those invoking it.

Editorial

Isfahan strikes
20 Apr, 2024

Isfahan strikes

THE Iran-Israel shadow war has very much come out into the open. Tel Aviv had been targeting Tehran’s assets for...
President’s speech
20 Apr, 2024

President’s speech

PRESIDENT Asif Ali Zardari seems to have managed to hit all the right notes in his address to the joint sitting of...
Karachi terror
20 Apr, 2024

Karachi terror

IS urban terrorism returning to Karachi? Yesterday’s deplorable suicide bombing attack on a van carrying five...
X post facto
Updated 19 Apr, 2024

X post facto

Our decision-makers should realise the harm they are causing.
Insufficient inquiry
19 Apr, 2024

Insufficient inquiry

UNLESS the state is honest about the mistakes its functionaries have made, we will be doomed to repeat our follies....
Melting glaciers
19 Apr, 2024

Melting glaciers

AFTER several rain-related deaths in KP in recent days, the Provincial Disaster Management Authority has sprung into...