Cotton arrival in Pakistan witnessed a significant increase of 66.5% month-on-month, showed the latest fortnightly data released by the Pakistan Cotton Ginner’s Association (PCGA) on Thursday.
As per the report, total cotton arrival in Pakistan rose to 1.429 million bales as of August 1 compared to 0.858 million bales recorded on July 15, 2023, an increase of 0.571 million bales.
A year-on-year comparison was unavailable, as data was not collected on August 1, 2022, said PCGA.
Last year, flash floods in Pakistan devastated large swathes of agricultural land in the country, especially in Sindh and Balochistan.
The improvement in cotton arrivals, an essential raw material for the textile sector, is a welcome development for cash-strapped Pakistan.
As per the PCGA data, cotton arrival reported a substantial increase from Punjab.
As of August 1, cotton arrival in Punjab clocked in at 0.389 million bales compared to 0.199 million bales reported on July 15, 2023, an increase of 95.4%.
Similarly, cotton arrival in Sindh was 1.040 million bales compared to 0.659 million bales recorded in July, an increase of 0.381 million bales or 57.8%.