According to the recent numbers presented, officially, Pakistan is expected to achieve cotton production target, that is said to be 13 million bales, this season. the information is provided by the PCGA- Pakistan Cotton Ginners Association. Pakistan produced about 5.98m cotton bales by October 15, 2017 that is an up of 36.79% from the output that was recorded in the same period, last year.
Following the loss in crop in the previous two consecutive seasons, the cotton production is more likely to increase by 3m bales, this year. Both Sindh and Punjab recorded higher year-on-year cotton production with the former producing 534,687 more bales. The output of Punjab was 1.07m more bales up to october 15, 2017.
Punjab’s cotton production grew 54.89pc to 3.032m bales this year. Sindh produced 2.951m bales, showing a growth of 22.12pc year-on-year. The fortnightly flow of phutti from cotton fields to ginneries remained 1.993m bales against 1.729m bales last year. As for consumption, spinners purchased 4.232m bales against 3.144m bales that they lifted in the corresponding period last year. Exporters purchased 180,602 bales compared to 95,490 bales a year ago.
Ginners are also holding unsold cotton stocks of 1.571m bales compared to 1.135m bales last year. In total 979 ginning factories are currently operating in Sindh and Punjab.