MULTAN - Seed cotton (Phutti) equivalent to 14.78 million bales has reached ginneries across Pakistan till Mar 15, 2015 registering a percentage increase in arrivals by 10.59 per cent as compared to corresponding period of last year. According to a fortnightly report of Pakistan Cotton Ginners Association (PCGA) issued here Wednesday, Phutti equivalent to 14,785,795 bales had reached ginning factories and 14.75m of them have undergone the ginning process. The arrival at Punjab ginneries was recorded at 10.81 million bales recording a percentage increase of 12.49 per cent compared to corresponding period of last year.
Arrivals at ginneries in Sindh was recorded at 3.97 million bales showing a percentage increase of 5.74 per cent. Textile Mills have purchased 13.57 million bales, exporters bought 473,337 bales while Trading Corporation of Pakistan (TCP) procured 94,900 bales.
Total sold out bales were calculated at 14.14 million bales. Exactly 644,986 bales were still lying with the ginneries as the unsold stock, the report said.