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Pakistan cotton production reaches 10.72mln bales by mid March

Related Keywords: cotton bales until mid March, cottonseed, ginning process, increased nine point ninety nine percen, over the same period last year, Pakistan Cotton Ginners Association, Pakistan cotton production, phutti, Textile mills

Pakistan’s cotton production has increased 9.99 percent reached 10.722 million bales until March 15, 2017, over the same period last year. According to report from Pakistan Cotton Ginners Association (PCGA), out of the total arrivals, cottonseed (Phutti) to the tune of 10,722,328 bales has undergone the ginning process.

Arrivals in Punjab ginneries were recorded at 6.9 million or 6,935,370 bales, growing by 15.92 percent compared to the corresponding period last year.

Cotton market witnessed gain in prices due to short supply

Related Keywords: cotton bales, cotton belt, gain in cotton price, ginning process, maintained rising trend, mills and spinners, Pakistan Cotton Ginners Association, Pakistan cotton market, ready business, seed cotton price, short supply of quality lint, spot rate

Pakistan cotton market due to short supply of quality lint witnessed overnight gain in cotton price on Saturday. In the ready business, around 13,000 bales of cotton changed hands between Rs 5100 and Rs 5500. The official spot rate maintained rising trend for the second day, gaining further Rs 50 more at Rs 5,300, dealers said.

While, in Sindh, seed cotton prices were at Rs 2000-2200, and Punjab prices at Rs 2500 and Rs 2900.

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