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Pakistan cotton production this season increased by 11pc over last season

Related Keywords: cotton production, entire plantation season, favourable weather, higher cotton production, limited stock, meet industry demand, Pakistan Cotton Ginners Association, phutti, seed cotton report, this season in Pakistan, witnessed growth

This season cotton production of Pakistan has witnessed growth by 11 percent to 14.871 million bales compared to 13.391m bales a year earlier. Punjab produced 10.896m bales, showing a rise of 13.14pc over 9.631m bales last season, according to Pakistan Cotton Ginners Association’s (PCGA) final phutti (seed cotton) report for the current season.

But Sindh recorded a growth of only 5.7pc in cotton production at 3.974m bales as against 3.76m bales produced last season (2013-14).

Dull trading activity was seen at cotton market due to limited stock

Related Keywords: delay in new crop arrival, floor brokers, held by ginners, KCA, limited stock, Pakistan cotton market, slow down in trading activity, spot rate, steady at previous level, textile industry worried, world cotton market

Pakistan cotton market witnessed slow down in its trading activity on Saturday after staying active for entire week. According to floor brokers, they expected hiatus in activity due to limited stocks held by ginners. The Karachi Cotton Association (KCA) spot rates were steady at previous level.

However, there was demand from some needy mills, but ginners demanded higher rates for their limited cotton stocks. Barring a few deals, which were mostly finalized on high rates, activity on the market remained devoid of enthusiasm.

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