The Pakistan Cotton Ginners Association (PCGA) released its fortnightly report on Tuesday which showed that around 12 million bales of seed-cotton bales had been received by the country's ginners by January 1, 2012. According to the report, there had been a 17.50 percent increase in the quantum of cotton reaching the ginners by December 31, 2011, as compared to 10.24 million bales reaching the ginneries during the same period of last year.
Briefing newsmen about cotton arrivals here, PCGA chairman Amanullah Qureshi, along with Muhammad Akram,and Shehzad Ali, said that 1,03,35,905 cotton bales were sold to textile units and exporters bought 5,18,011 bales. Thus, overall 10.33 million bales of cotton had been traded till now. He said that there are 16,96,265 bales, which remain to be sold.
He said that increase in cotton arrivals was merely 17.50 percent. Total 1,20,32,170 bales were received during this season. It was 17,91,804 bales more than last year, showing an increase of 17.50 percent in production in spite of unfair weather, flood, diseases and pest attacks in Sindh and monsoon rains in Punjab. He said that 9,96,152 bales were received during fortnight from December 16 to December 31, 2011.
He said that total 994 ginning factories are operational in Sindh and Punjab. Floods had badly hit the cotton crop in districts of Hyderabad, Nawabshah, Dadu, Mirpur Khas, Sangarh and other areas of Sindh. He said that 43.05 percent cotton was destroyed in Hyderabad, 58.97 percent in Mirpur Khas, 51.98 percent in Sangarh, 43.88 percent in Nawabshah, and 0.51 percent in Naushehro Feroze.
The report said that there was an increase of 50.24 percent in Multan .86.25 percent in Lodhran district, 40.08 percent in Khanewal, 117.92 percent in Muzaffargarh, 33.02 percent in Dera Ghazi Khan, 137.99 percent in Rajanpur, Layyah 56.50 percent, 34.81 percent in Vehari, 393.57 percent in Kasur, 38.98 in Toba Tek Singh, 14.29 percent in Faisalabad, 97.56 percent in Mianwali, 94.86 percent in Bhakkar, and 34.26 percent in Sargodha. The unsold stock of 16,96,265 bales is more than last year's 11,75,475 bales.
The PCGA chairman said that Punjab contributed 96,27,057 bales, against last year's 67,51,760 bales, showing an increase of 42.60 percent. Sindh contributed 24,05,113 bales against last year's 34,89,149 bales, showing a decrease of 31.07 percent; and Balochistan produced 47,100 bales.
District-wise production data showed that Multan contributed 5,37,086 bales, Lodhran 3,65,156 bales, Khanewal 9,52,922 bales, Muzaffargarh 4,80,881 bales, Dera Ghazi Khan 3,54,119 bales, Rajanpur 4,38,612 bales, Layyah 2,51,863 bales, Vehari 9,35,801 bales, Sahiwal 6,28,291 bales, Pakpattan 3,05,700 bales, Okara 52,681 bales, Kasur 35,300 bales, Toba Tek Singh 3,42,005 bales, Faisalabad 1,19,750 bales, Jhang 2,14,632 bales, Mianwali 2,50,900 bales, Bhakkar 1,59,200 bales, Sargodha 48,950, Rahim Yar Khan 11,48,834 bales, Bahawalpur 10,12,692 bales, and Bahawalnagar 9,91,682 bales.
Sindh's district-wise production figures were: Hyderabad 1,89,780 bales, Mirpurkhas 1,52,198 bales, Sanghar 7,12,960 bales, Nawabshah 1,82,715 bales, Naushero Feroze 1,91,736, Khairpur 2,04,099 bales, Ghotki 2,75,453 bales, Sukkur 3,08,064 bales, Dadu 77,522 bales, Jamshoro 77,522, and Badin 27,635.
Balochistan added 49,100 bales. PCGA claimed that 2 million bales were destroyed in 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 of PCGA reiterated demand to the government to announce relief and bailout package for 250 cotton ginning factories of flood-hit areas.
The report said that the ginners pressed 90,12,361 bales. Only 5,18,011 bales were exported by commercial exporters (who mostly purchased from Punjab), and 2,29,919 bales were purchased from Sindh. The textile industry purchased 1,03,35,905 bales, and 16,96,265 bales were available with ginners as unsold stock. The report said that cotton trading remained firm amid strong physical price and higher cottonseed prices.
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