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Phutti arrival increases
KARACHI- Phutti arrival from fields into ginneries made a
maiden increase of 0.31 per cent for the current season as
indicated by figures up to March 31, 2002, released by the
Pakistan Cotton Ginners Association (PCGA), here on Thursday.
According to details phutti arrival (up to March 31) crossed
10 million mark as total arrival stood at 10.116 million
bales. This remarkable turn-around is more significant from a
point of view that current cotton season started with a dismal
arrival which was 35 per cent lesser than last year.
Now it could be easily said the latest raw cotton production
assessment made by the cotton crop committee at 10.5 million
bales has now become more relevant and achievable.
The textile mills being the largest consumers of raw cotton
have so far lifted 8.417 million bales, while the TCP procured
215,362 bales and exporters 87,526 bales. However, a sizable
quantity of unsold stocks at 1.396 million bales are still
lying with the ginneries who claim to be facing with liquidity
problem.
courtesy Daily Dawn, 5
April, 2002
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Pakissan.com;
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