INDIA: Cotton arrival down by 19.86 % to 8.357 million bales.
Cotton production in the country has recorded a significant decline of 19.86 percent to more than 8.357 million bales till December 1, 2010 over last year's 10.427 million bales.
Egytex News Desk
Source: The International News
According to a consolidated statement of Pakistan Cotton Ginners Association (PCGA) here Friday, the arrival has recorded a drop of more than 2.070 million bales in the fortnight.
Punjab produced 5.262 million bales, down by 22.36 percent over same period last years while Sindh crop was lower by 15.20 percent to 3.095 million bales over previous year.
Of the total textile mills purchased 6.887 million bales during the period under review while exporters procured 389,070 bales, leaving an unsold stock of over 1.080 million bales at ginners.
Chairman Karachi Cotton Brokers Forum Naseem Usman while commenting on the production said that devastating floods have badly damaged cotton crop and about 2.3 million bales have been destroyed.
Source: The International News
From the Egytex news archive, first published on 6 December 2010. Figures and names are as reported at the time.
