Cotton arrival in Pakistan witnessed a significant increase of 29.3% as of September 15 compared to August 31, showed the latest fortnightly data released by the Pakistan Cotton Ginner’s Association (PCGA) on Monday.
As per the report, total cotton arrival in Pakistan rose to 3.933 million bales compared to 3.041 million bales recorded on August 31, 2023, an increase of 0.892 million bales.
On a year-on-year basis, cotton arrival in surged by nearly 80%, when compared to 2.187 million bales registered on September 15, 2022.
Last year, flash floods in Pakistan devastated large swathes of agricultural land in the country, especially in Sindh and Balochistan, impacting cotton crop.
The improvement in cotton arrivals, an essential raw material for the textile sector, is a welcome development for cash-strapped Pakistan.
Province-wise breakup
As per the PCGA data, cotton arrival reported a substantial increase from Punjab.
As of September 15, cotton arrival in Punjab clocked in at 1.544 million bales as compared to 1.069 million bales reported on August 31, 2023, an increase of 44.5%. On a yearly basis, cotton arrivals from Punjab bolstered by 43.4%, as compared to 1.077 million bales clocked in during the same period last year.
Similarly, cotton arrival in Sindh was 2.389 million bales compared to 1.972 million bales recorded in August 31, an increase of 0.417 million bales or 21.2%. However, the YoY increase was more pronounced in Sindh, as cotton arrivals jumped by 115.2% as compared to 1.11 million bales registered in SPLY.