LAHORE - Cotton arrivals stood at 11.13 million bales in FY09 as of Feb 15, 2009, says the latest data released by Pakistan Cotton Ginners Association. Agriculture experts said that after five consecutive fortnights of decline in arrivals, cotton arrivals in the last fortnight i.e. Feb 1 to Feb 15, 2009 showed impressive performance to stand at 0.31mn bales. This showing was mainly due to release of cotton bales by farmers as they were hoarding earlier in the season (Nov to Dec 2008) since cotton prices were not very attractive. However recent rally in cotton prices (18% up in last two months) have resulted in increased arrivals. We expect cotton arrivals for FY09 to range between 11.5mn to 11.6mn bales versus 11.4mn bales last year and 5% lower than government's revised target of 12.1mn bales.