January 29, 2023
Business

Pakistan’s Cotton Production Continues to Fall Dramatically

Pakistan's Cotton Production Continues to Fall Dramatically

According to the most recent biweekly data, which the Pakistan Cotton Ginner’s Association (PCGA) issued on Monday, Pakistan’s cotton production fell by more than 40% year over year (YoY).

As of December 1, 2022, Pakistan received 4.281 million bales of cotton production overall, down from 7.168 million bales at the same period in the previous year. This is a 40.2 percent decline.Per the PCGA data, cotton arrivals in the cotton-producing provinces of Punjab and Sindh reported a significant reduction as a result of recent flash floods that destroyed farmland.

As of December 1, Punjab received 2.515 million bales of cotton compared to 3.679 million bales during the same period last year, a decline of 1.164 million bales or 32%. When compared to 2.072 million on November 1, cotton arrivals increased by 21% on a monthly basis.

Similarly, cotton arrivals in Sindh decreased dramatically by 1.724 million bales or 49 percent, falling to 1.765 million bales as of December 1 from 3.489 million bales reported during the same period last year. On the other hand, compared to 1.635 million bales on November 1, cotton arrivals on a fortnightly basis saw an increase of 8%.

In general, it is anticipated that Pakistan will produce half as much cotton this year than last, particularly in Sindh and Balochistan where crops suffered the most harm. The recent floods caused damage to 40% of the nation’s crops, with cotton alone suffering a loss of more than Rs. 2 trillion, according to the Ministry of Food Security.

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