RAWALPINDI: Seed cotton (Phutti) equivalent to 14.83 million or 14,838,605 bales have reached ginneries across Pakistan till Apr 1, 2015 registering a percentage increase in arrivals by 10.85 per cent compared to corresponding period of last year.
According to a fortnightly report of Pakistan Cotton Ginners Association (PCGA) issued here Friday, out of total arrivals, Phutti equivalent to 14,829,916 or 14.82 million bales has undergone the ginning process.
The arrival at Punjab ginneries was recorded at over 10.86 million or 10,864,105 bales recording a percentage increase of 12.87 percent compared to corresponding period of last year. Arrivals at ginneries in Sindh was recorded at 3.97 million bales showing a percentage increase of 5.70 per cent.
Textile Mills have purchased 13.82 million bales, exporters bought 474,091 bales while Trading Corporation of Pakistan (TCP) procured 94,900 bales. Total sold out bales were calculated at 14.389 million bales.
Exactly 448,919 bales were still lying with the ginneries as the unsold stock, the report said.