Advertisement

Cotton production records 10 per cent increase

KARACHI: The country is poised to produce bumper cotton crop this season (2014-15) as phutti (seed cotton) arrivals jumped 10.16 per c...

Cotton production records 10 per cent increase

KARACHI: The country is poised to produce bumper cotton crop this season (2014-15) as phutti (seed cotton) arrivals jumped 10.16 per cent to 13.958 million bales up to January 1, 2015 compared to 12.670 million bales in the corresponding period last season (2013-14).
Both Punjab and Sindh recorded higher cotton production this season, suggested the latest figures released by the Pakistan Cotton Ginners’ Association (PCGA) on Saturday.
However, 1.091 million more bales, a growth of 12.13pc over the corresponding period of last season, by Punjab was a major contributor to overall higher production. Whereas Sindh harvested 196,301 additional bales or 5.35pc this season.
The higher phutti arrivals during period under review could well be judged from the fact that last year only 420,953 cotton bales were harvested during outgoing fortnight (Dec 15 to Jan 1) whereas this season around 724,462 bales were processed. This shows that 303,508 more bales were produced.
In total, Punjab harvested 10.090 million bales up to January 1, 2015 compared to 8.999 million bales last year and Sindh 3.867 million bales as against 3.671 million bales in the same period last season.
On the consumption side there was higher off-take by spinners who purchased 11.457 million bales up to January 1, 2015 as against 10.618 million bales last season.
Similarly, exporters bought 391,465 bales compared to 329,090 bales last year.
Ginners were also holding 2.016 million bales as against 1.723 million bales they held in the same period last year.
Around 799 and 156 ginning factories were still operating in Punjab and Sindh, respectively.

Related

world economic issues 6273064766386620995

Post a Comment

emo-but-icon

Follow Us

Advertisement

Hot in week

Recent

Related Posts Plugin for WordPress, Blogger...

Comments

item