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The country has produced 12.306 million bales, till March 1, said a fortnightly report issued by the Pakistan Cotton Ginners Association (PCGA) head office here on Saturday.
According to the reports, total arrivals of cotton at the operating ginneries across the country recorded 12.306 million cotton bales compared to last year's 14.255 million bales on the same date.
The output in the Punjab was recorded at 9.767 million bales compared to last year's 11.243 million bales showing a shortfall of 13.13 per cent, while production in Sindh stood at 2.539 million bales compared to last year's 3.012 million bales, a drop of 15.72 per cent.
Textile mill owners have so far purchased 10.495 million bales of lint and exporters 70,900 bales. Unsold stocks of lint stood at 1.667 million bales and those of phutti (seed cotton) 0.730 million bales.
The approximate rate of good quality lint in the open market stood at Rs 2,575 per 40 kilograms and that of phutti at Rs 1,125 per 40 kilogram.
The government's support price for lint is Rs 2,269 and for phutti Rs 975 per 40 kilograms.

Copyright Associated Press of Pakistan, 2006

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