Cotton production falls to 8.6m bales

Published February 19, 2020
Cotton production fell by 20.12 per cent to 8.6 million bales till January 15 this season against 10.7m bales in the same period last year, the Pakistan Cotton Ginners Association (PCGA) said on Tuesday. — AFP/File
Cotton production fell by 20.12 per cent to 8.6 million bales till January 15 this season against 10.7m bales in the same period last year, the Pakistan Cotton Ginners Association (PCGA) said on Tuesday. — AFP/File

MULTAN: Cotton production fell by 20.12 per cent to 8.6 million bales till January 15 this season against 10.7m bales in the same period last year, the Pakistan Cotton Ginners Association (PCGA) said on Tuesday.

In its fortnightly report, the PCGA noted that the production of cotton bales went down by 2.153m in the current season.

The country is likely to miss the target of 9.5m bales.

According to the PCGA figures till Feb 15, Punjab suffered cotton production losses by up to 22.7pc, followed by Sindh with 16.3.

Punjab produced 5.074m bales against last year’s 6.5m bales, highlighting a shortfall of 1.5m bales. Sindh produced 3.5m bales against last year’s 4.2m bales, with a shortfall of 0.7m bales.

Till February 15, ginning factories produced 8.5m bales during the current season.

Textile sector and exporters purchased 7.8m bales and 5.9m bales, respectively.

Total 71 factories remained functional in Sindh and Punjab. Of these, 62 units are in Punjab and nine in Sindh. Last year during this period 102 factories were functional.

The unsold stock available with the ginning factories is 694,717 bales which was 1.3m bales during the last year.

This year’s stock is 47.4 per cent less as compared to last year. The shortfall of phutti (seed cotton) is 11.9pc.

Cotton analyst Naseem Usman said the government must ensure provision of quality cotton seed to farmers for next crop otherwise the situation will be much worse.

“It is being expected that sowing process in lower Sindh will partially begin in March. Unfortunately so far no proper working has been done by the government institutions for the provision of good quality seed to farmers,” he added.

He said that cultivation of sugar in cotton sowing area is another major factor which is affecting production.

Published in Dawn, February 19th, 2020

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Agriculture tax
Updated 16 Nov, 2024

Agriculture tax

Amendments made in Punjab's agri income tax law are crucial to make the system equitable.
Genocidal violence
16 Nov, 2024

Genocidal violence

A RECENTLY released UN report confirms what many around the world already know: that Israel has been using genocidal...
Breathless Punjab
16 Nov, 2024

Breathless Punjab

PUNJAB’s smog crisis has effectively spiralled out of control, with air quality readings shattering all past...
Last call
Updated 15 Nov, 2024

Last call

PTI should hardly be turning its "final" protest into a "do or die" occasion.
Mini budget talk
15 Nov, 2024

Mini budget talk

NO matter how much Pakistan’s finance managers try to downplay the prospect of a ‘mini budget’ to pull off a...
Diabetes challenge
15 Nov, 2024

Diabetes challenge

AMONGST the many public health challenges confronting Pakistan, diabetes arguably does not get the attention it...