LAHORE: The Pakistan Cotton Ginners Association (PCGA) on Wednesday reported that the country produced 8.397 million bales in 2023-24, a 71 per cent increase over the preceding year.

However, the output fell short by a record 3.873m bales or 32pc against the target fixed for the year.

The PCGA said cotton production in Punjab was 4.282m bales while in Sindh it was 4.115m bales. District-wise, the highest cotton production has been reported from Sanghar (Sindh), which is 1.695m bales, while the lowest output was 5,240 bales in the Pakpattan district of Punjab.

Of the total output, according to the report, textile mills bought 8.043m bales from ginning factories, while exporters bought 2.93m bales and 60,500 bales are still available with the ginning factories.

Cotton Ginners Forum chairman Ihsanul Haq says that cotton production in Sindh is surprisingly 114,000 bales more than the target. At the same time, production in Punjab has decreased extraordinarily, mainly due to adverse weather conditions and whitefly cotton. “It has been an unusual attack on the crop.”

He says that due to heavy taxes imposed on the ginning and textile industry, some factories and textile mills across the country did “off-the-record” trade in cotton during the year. He claims that the volume of this “off-the-record” trade amounts to at least two million bales, which is why the total domestic production of cotton is considered to be around 10.5 million bales.

Published in Dawn, April 4th, 2024

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

Opinion

Editorial

Military option
Updated 21 Nov, 2024

Military option

While restoring peace is essential, addressing Balochistan’s socioeconomic deprivation is equally important.
HIV/AIDS disaster
21 Nov, 2024

HIV/AIDS disaster

A TORTUROUS sense of déjà vu is attached to the latest health fiasco at Multan’s Nishtar Hospital. The largest...
Dubious pardon
21 Nov, 2024

Dubious pardon

IT is disturbing how a crime as grave as custodial death has culminated in an out-of-court ‘settlement’. The...
Islamabad protest
Updated 20 Nov, 2024

Islamabad protest

As Nov 24 draws nearer, both the PTI and the Islamabad administration must remain wary and keep within the limits of reason and the law.
PIA uncertainty
20 Nov, 2024

PIA uncertainty

THE failed attempt to privatise the national flag carrier late last month has led to a fierce debate around the...
T20 disappointment
20 Nov, 2024

T20 disappointment

AFTER experiencing the historic high of the One-day International series triumph against Australia, Pakistan came...