Pakistan: 13% increase in shipments to cotton gins

According to official data on the 18th, cotton arrivals in Pakistan’s ginning mills increased by 13%, although Sindh’s cotton output decreased by 33% due to rainfall and flooding.

According to the report of the cotton arrival report of the Pakistan Cotton Gunning Cotton Association (PCGA), as of October 15, the total cotton arrival volume was 4.715 million bales, compared with 4.173 million bales in the same period last year.

On the 18th, the cotton market was active in buying and selling. The amount of hands was over 20,000, and the price was between 5,000 and 6,500 rupees per Month.

There were several unexpected transactions at prices of Rs 6,300/Mond (37.234 domestic kg) and Rs 6,752/40 kg.

The spot price of the Karachi Exchange did not change at Rs 6,430/Mund, and Rs 6,882/40 kg.

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