About 7.706 million cotton bales arrived in local markets
The cotton arrival in the markets had witnessed about 5.26 percent decrease.
ISLAMABAD (APP) - About 7.706 million cotton bales were arrived in the local markets during the first week of November, 2018 as compared the arrival of 8.134 million bales of the corresponding month of last year.
The cotton arrival in the markets had witnessed about 5.26 percent decrease during first week of current month as compared the corresponding period of last year, according the data of Pakistan Cotton Ginners Association (PCGA).
By the first week of current month, cotton arrival from the Sindh province had witnessed negative growth of 1.19 percent, where as from Punjab it was reduced by 8.30 percent respectively, it added.
The commodity arrival from the Punjab province during the period under review was recorded at 4.271 million bales which, were stood at 4.658 million bales in the same period of last year.
Meanwhile, the crop arrival from the different districts of Sindh was recorded at 3.434 million bales as compared the arrival of 3.476 million bales of the corresponding period of last year, it revealed.
Out of the total arrived cotton in the domestic markets, about 5,804,114 bales were sold, whereas 793,598 bales were remained unsold.
Meanwhile, 6,597,712 bales were pressed and 83,958 bales exported.
During the period under review, 1,108,619 cotton bales were also remained unginned as compared the 1,390,522 bales of same period of last year.
