The Pakistan Cotton Ginners Association (PCGA) fortnightly report shows that around 1,33,91,694 cotton bales were sourced to the country's ginners by May 1, 2014, which shows an increase of 3.69 percent compared to last year when ginneries received 1,29,15,585 bales.
PCGA Chairman Mukhtar Ahmed Khan Baloch briefed journalists on Saturday about seed-cotton (phutti) arrivals, sales and unsold stock of cotton. He said that 1,25,84,496 cotton bales were sold to textile units and exporters bought 3,99,382 bales. Thus, overall 1,29,83,878 bales were traded so far. He said the PCGA was following the production target of Pakistan Central Cotton Committee.
Mukhtar Baloch said that total 12 (11 in Punjab and 1 in Sindh) out of 1,200 ginning factories were operational in two provinces. The chairman of PCGA said that Punjab contributed 96,31,362 bales which 1.29 percent more than last year when Punjab contributed 95,08,418 bales, Sindh contributed 37,60,332 bales which 10.37 percent more than last year when it contributed 34,07,167 bales and Balochistan 63,048 bales.
After the total trading of 1,28,29,972 bales, there are 4,07,816 bales available with ginners as unsold stock. He said the modest cotton trading was witnessed in the market as exporters showed interest in buying to meet their needs. However cotton prices continued their downward drive this week conceding other Rs 100 to Rs 150 per maund. Condition on the cotton market is bearish and off take of lint is decidedly low. Ginners are saddled with close to half a million unsold bales from the current season. The ginners were expecting better prices of cotton to meet the demand of European markets after attaining the status of GSP-Plus, the rates are going up.
District wise cotton arrival in Punjab: Multan 4,95,893 bales, 12.93 percent more than last year, Lodhran 3,86,886 bales showing an increase of 37.26 percent, Khanewal 9,36,563 bales showing an increase of 2.95 percent, Muzaffargarh 4,13,961 bales registering a decrease of 6.65 percent, Dera Ghazi Khan 3,94,129 bales showed an increase of 12.51 %, Rajanpur 4,11,578 bales showing an increase of 2.07 %. Layyah 2,78,304 bales, showing 8.78 % more than last year, Vehari 8,76,555 bales 8.78 % decrease , Sahiwal 5,34,340 bales decreased by 3.73 %, Pakpattan 1,73,701 bales showing 33 % less than preceding year, Okara 45,592 showing a decrease of 21.42 %, Kasur 28,386 bales, Toba Tek Singh, 2,34, 968 bales, Faisalabad 64,188, Jhang 1,18,360, Mianwali 3,10,413 bales, Bhakkar 1,76,231 showing a decrease of 6.22 percent, Sargodha 38,514, Rahimyar Khan ,11,84,464, Bahawalpur 11,09,963 and Bahawalnagar 14,18,272 bales. District wise cotton arrival in Sindh, Hyderabad 2,99,110 bales, showing an increase of 18.44 %, Mirpurkhas 3,62,049 bales, showing decrease by 10.31%. Sanghar 14,04,538, Nawabshah 2,92,988, Naushahro Feroze 2,50,303, Khairpur 2,40,387, Ghotki 2,12,279, Sukkur 3,59,126, Dadu 35,500, Jamshoro 1,87,279 and Badin 53,525 bales and Balochistan 63,048 bales.
Ginneries received 906 bales during the fortnight of April 16 to May 1. Unsold stock is 4,07,816 bales which is more than last year when it reached to 3,99,919 bales. Ginners were expecting better prices of their lint but prices have fallen down beyond their expectations. The PCGA blamed the policy-makers who had allowed importing cotton and yarn from India.
Source:- brecorder.com
No comments:
Post a Comment