According to a consolidated
statement of Pakistan Cotton Ginners Association (PCGA) here Friday, the
arrival has recorded a drop of more than 2.070 million bales in the
fortnight…Punjab produced 5.262 million bales, down by 22.36
percent over same period last years while Sindh crop was lower by 15.20
percent to 3.095 million bales over previous year…Of the total
textile mills purchased 6.887 million bales during the period under
review while exporters procured 389,070 bales, leaving an unsold stock
of over 1.080 million bales at ginners…Chairman Karachi Cotton
Brokers Forum Naseem Usman while commenting on the production said that
devastating floods have badly damaged cotton crop and about 2.3 million
bales have been destroyed..
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Date:12/6/2010
Source:www.yarnsandfibers.com