MUZAFFARGARH - Seed cotton (phutti) equivalent to over 96,87,118 bales of cotton reached ginneries across Pakistan as of Feb 15, showing a decrease of 33.62 percent as compared to corresponding period of last year when ginneries had received 1,44,35,202 bales, according to the figures issued by Pakistan Cotton Ginners Association (PCGA).

It is interesting to note here that amid reduction in the production of cotton, about one million bales are still lying in ginneries as unsold stock and textile industry is not taking interest in purchasing it.

According to the 12th fortnightly report of PCGA issued here, PCGA chairman Nawab Shehzad Ali Khan briefed the media about cotton production figures and said that out of the total arrivals, 9.687 million bales of cotton have been converted into bales so far. Ginneries in Punjab recorded arrival of 59,27,372 bales, recording a decrease of 44.29 percent.

Sindh ginneries recorded arrival of 37,59,746 bales while last year Sindh had received 39,54,576 bales, which is merely 4.93% less.

Textile mills have bought 83,29,763 bales while exporters bought 3,58,418. The total bales sold out so far were calculated at 86,88181 bales. Total 79 ginning factories are operational in the country. Of them, 68 are in Punjab and 11 in Sindh. Total 9,98,937 bales are lying in ginneries as unsold stock.