INP-WealthPk

Pakistan's total production in bales jumps 7.15 pc

January 04, 2018

Islamabad, Jan 04 (INP) - Pakistan’s Total cotton Production in Bales went from 10.366 million to 11.108 million; registering a jump of 7.15 percent, as per the arrival of figures from the Pakistan Cotton Ginners Association till January 1, 2018. The jump in production came as a result of healthy growth in crops across the major Cotton producing provinces of Pakistan: Sindh and Punjab. Pakistan Cotton Ginners Association (PCGA) today released the Consolidated Statement of Cotton Arrivals in Factories as on 1st January, 2018. The statement collects all the information on the buying and selling of Cotton Bales in the country and releases a statement every year to record and disseminate the numbers. Total Punjab Production went up during the year by 4.19%. The total Bales produced in Punjab clocked in at 6.895 million against last year’s 6.617 million bales. Topping the list in Punjab, Rahim Yar Khan produced most bales during the last year, with a total 1.028 million bales. Apart from Rahim yar Khan, Bahawalpur produced 974 thousand bales, Bahawalnagar 890 thousand, Khanewal 677 thousand and Vehari 569 thousand bales during the last year. The other twin province leading Cotton Production, Sindh, saw a 12.3% increase in production owing to the rising production and favorable weather conditions. Leading the province and the whole country in Production of Cotton, Mirpur Khas’ contribution to total Cotton production was 1.38 million bales. Following Mirpurkhas, Sukkur produced 602 thousand bales, Ghotki 380 thousand, and Naushehro Feroze 639 thousand bales during 2017. Major buyers for Cotton Bales during the year 2017 were Exporters and Textiles. Textiles in line with their yester year trends, bought more than 9.558 million bales of cotton up by 8% during the last year. On the other hand, the second major buyer of Cotton, Exporters, bought 7.7% more bales during the ongoing year, with total bales bought during the year clocking in at 214 thousand total bales. Against the last year’s unsold stock of 13% of the total production, this year’s total was 1.335 million bales; 12% of the Total Production.