Despite experiencing a heatwave, pest attacks, and poor picking, the Pakistani cotton industry remains hopeful for a fruitful yield this year. Recent data unveiled by the Pakistan Cotton Ginners Association (PCGA) indicates a significant surge in cotton production compared to last year’s timeframe, with about 3.93 million bales produced until September 15th. This figure represents an 80% increase compared to last year’s yield.
While Sindh observed a remarkable 115.26% increase in cotton output, Punjab also witnessed a substantial growth of 43.47%. According to the statistics, exporters and textile spinners have already purchased a notable amount of bales, indicating a strong market interest despite a slight decrease in the stocks held by ginning factories.
Diverging Views on Cotton Arrivals and Future Prospects
However, industry stakeholders express differing opinions regarding raw cotton arrivals. The Cotton Ginners Forum chairman, Ihsan-ul-Haq, attributes the lesser-than-expected arrivals to whitefly infestations in Punjab, reportedly damaging a significant portion of the lint bales. On the contrary, Pakistan Cotton Brokers Association Secretary Sundas Ayub asserts that the current arrival figures align with market expectations and anticipates improved raw cotton flows shortly owing to favourable weather conditions.
Further adding to the scenario, Naseem Usman, the Karachi Cotton Brokers Forum chairman, expresses optimism regarding the total projected production but voices concerns about the current cotton quality being sent to ginning units. He predicts a notable variance in price between average and quality cotton in the coming weeks. He emphasizes the textile industry’s need to import additional bales to suffice the demands of the spinning sector.