As many as 9.2 million seed cotton (phutti) bales reached ginneries across Pakistan as it was less than 33 per cent compared to the same period of last year.
A total of 9,279,105 cotton bales reached ginneries till January 1, 2016, which is less than 33.52 per cent compared to last year, said a fortnightly report issued by the Pakistan Cotton Ginners Association (PCGA) on Sunday.
The Trading Corporation of Pakistan (TCP) has not started purchase of cotton so far while the TCP had purchased 57,600 bales from Punjab and 35,100 bales from Sindh during same period of last year. Exporters have bought 355,426 bales while textile sector purchased 72,71,473 bales, the report said. Some 1,652,206 bales remained unsold with the ginneries till January 1, 2016, it said.