MULTAN,Nov 18th: Pakistan Cotton Ginners Association (PCGA) released its fortnightly report reveals that around 7.968 million cotton bales have been sourced to the country's ginners by November 15th ,2011.As revealed by the report, there has been a 6.92 percent increase in the quantum of cotton reaching the ginners by Nov 15th, as compared to the 7.453 million bales of cotton that reached the ginners during the same period last year.PCGA chairman Amanullah Qureshi ,Haji Muhammad Akram, and Shehzad Ali Khan briefed the journalists about the cotton arrival, sale and unsold stock of the cotton in the country.While 57,83,360 cotton bales were sold to the textile units, exporters bought some 2,44,982 bales. Thus, overall 6.028 million bales have been traded till now, without TCP participating in the trading activity so far. There are 19,40,477 bales, which still remain to be sold.Chairman of PCGA Amanullah Qureshi has said that increase of cotton arrival was merely 6.92 percent. He said total 79,68,819 bales of cotton were received during this season. It was 5,15,669 bales more than last year showing an increase of 6.92 percent in the production inspite of flood, diseases and pest attacks in Sindh and monsoon rains in Punjab. While 12,65,079 bales were received during last fortnight from November 1st to November 15, 2011. He said that total 1075 ginning factories are operational in Sindh and Punjab.Recent floods had badly hit the cotton crop in the districts of Hyderabad, Nawabshah, Dadu, Mirpur Khas Sangarh and other areas of Sindh. They said that 42.12percent cotton was destroyed in Hyderabad, 62.10 percent in Mirpur Khas, 50.36 percent in Sangarh, 52.64 percent in Nawabshah, 5.59 percent in Naushehro Feroze. The report reveals an increase of 42.81 percent Multan .66.09 percent cotton in Lodhran district,38.58% in Khanewal, 89.51 % in Muzaffargarh,8.40% in Dera Ghazi Khan,109.42% in Rajanpur, 38.06% in Vehari,350.53 % in Kasur ,16.34% in Faisalabad,121.26 % in Mianwali,88.27% in Bhakkar,and 127.87` % in Sargodha The unsold stock is 19,49,477 bales, which is more than last year, when unsold stock was 10,02,674. Chairman of Pakistan Cotton Ginners Association (PCGA) said that Punjab contributed 60,86,620 bales, last year it contributed 45,88,486 bales showing an increase of 32.65 percent, Similarly Sindh contributed 18,82,199 bales against the last year production of 28,64,664 bales showing a decrease of 34.30 percent and Balochistan 31,091 bales.
District-wise production data showed that Multan contributed 3,11,907 bales, Lodhran 2,09,530 bales, Khanewal 6,50,208 bales, Muzaffargarh 2,56,653
bales, Dera Ghazi Khan 1,96,550 bales, Rajanpur 2,73,573 bales, Layyah 1,40,664 bales, Vehari 6,67,740 bales, Sahiwal 4,64,396 bales, Pakpattan 2,11,880 bales, Okara 36,500 bales, Kasur 21,400 bales, Toba Tek Singh 2,56,148 bales, Faisalabad 95,500 bales, Jhang 1,60,870 bales, Mianwali 1,43,600 bales, Bhakkar 1,07,500 bales, Sargodha 39,650, Rahim Yar Khan 6,33,460 bales, Bahawalpur 6,30,084bales, and Bahawalnagar 5,78,757bales. Sindh's district-wise production figures were: Hyderabad 1,65,528 bales, Mirpurkhas 1,20,368 bales, Sanghar 6,19,308 bales, Nawabshah 1,25,385 bales, Naushero Feroze 1,46,741, Khairpur 1,64,760 bales, Ghotki 1,64,760 bales, Sukkur 2,31,455 bales, and Dadu 15,727 bales, Jamshoro 69,365 , Badin 26,177.Balochistan added 31,091 bales to the total. PCGA claimed that 2 million bales were destroyed in recent floods in Sindh. Policy-makers may hope that bumper cotton crop will help the government make deficiency in other areas, taking the annual growth rates to over 7 percent. The chairman PCGA reiterated demand to the government to announce relief and bail out package for cotton ginning factories of flood-hit areas. The report said that the ginners pressed 72,78,950 bales. Only 2,44,982 bales were exported by commercial exporters (who mostly purchased from Sindh), and merely 1,14,988 bales were purchased from Punjab.
The textile industry purchased 57,83,360 bales and 19,40,477 bales were available with ginners as unsold stock. They told that cotton trading remained firm amid strong physical price and higher cottonseed prices.
