Composite Fabric,bonded fabric,Lamination Fabric Lamination Fabric News Pakistan’s cotton production and sales are booming

Pakistan’s cotton production and sales are booming



According to the latest data released by the Pakistan Cotton Ginners Association (PCGA), thanks to favorable weather conditions and the use of excellent varieties, Pakistan’s cotton output this cotton season ha…

According to the latest data released by the Pakistan Cotton Ginners Association (PCGA), thanks to favorable weather conditions and the use of excellent varieties, Pakistan’s cotton output this cotton season has reached 14.83 million bales (160 kg per bale), exceeding The previous historical record of 14.81 million bales in 2011/12 saw output per acre increase by 14% year-on-year. The industry expects Pakistan’s cotton output to reach 14.94 million bales by the end of this cotton season. Exports of cotton and its products account for about two-thirds of Pakistan’s total exports. Coupled with the recent upward trend in cotton prices, the industry claims that this year’s cotton harvest will effectively promote exports and economic growth. Due to good sales, the current unsold inventory of cotton ginneries is only about 450,000 bales, which is lower than the level of 696,000 bales in the same period of the previous fiscal year.

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Author: clsrich

 
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