Owing to lower pricing trend in domestic market, cotton arrival in the start of the current season had witnessed sluggish trend, going down by 0.365 million bales as compared the arrival of the corresponding period of last year. According to the latest data released by the Pakistan Cotton Ginner's Association (PCGA), by September 15, 2019, the cotton arrival in the local markets decreased by 26.41% as about 1,852,408 cotton bales arrived against the arrival of 2,517,345 bales of same period of last year.
The slow crop arrival in the local markets was mainly attributed to the low pricing trend in the markets, coupled with delay in the announcement of the minimum support prices for the crop by the government.
The cotton arrival from Punjab also decreased by 38.95% as about 598,314 cotton bales arrived in the market from Punjab as against arrival of 980,139 bales of the same period of last year, it added. Meanwhile, crop arrival from the Sindh Province including Balochistan also remained on the down track as it decreased by 18.42% and was recorded at 1,254,095 bales against 1,537,208 cotton bales of the period under review, the data reveled.
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