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In a remarkable turn of events, Sindh province has exhibited an impressive 121.16% surge in cotton production compared to the same period last year, outshining Punjab. As of December 31, Sindh has produced a staggering 6.291 million bales, surpassing Punjab’s 4.078 million bales, reflecting a notable 47.66% increase in its own right.
Sindh Takes the Lead: Over 50% of Total Cotton Output
Traditionally contributing approximately 30% to Pakistan’s total cotton production, Sindh has now emerged as the frontrunner. According to data released by the Pakistan Cotton Ginners Association (PCGA), until December 31, 2023, Sindh has taken the lead by contributing over 50% to the 8.171 million bales processed in ginning factories.
Impressive Sector-Wide Growth
The overall cotton arrivals at the country’s ginning factories during this period have witnessed a substantial surge. The total now stands at 8.171 million bales, a remarkable 77.14% increase from the 4.612 million bales reported during the same period last year.
Read Also: Global Cotton Crisis: Weather Challenges Impacting Major Producers
Sindh’s Standout Increase
Sindh’s growth is particularly noteworthy, with a production increase of 2.241 million bales compared to the previous year, representing a remarkable growth rate of 121.16%. In contrast, Punjab, while showing a commendable 47.66% increase, produced 1.316 million bales more than the previous year’s 2.762 million bales.
District-Wise Achievements
When considering district-wise arrivals, Sanghar in Sindh province leads the country with an impressive 1.68 million bales of cotton, closely followed by Sukkur with 0.54 million bales. In Punjab, Bahawalnagar district reports the highest arrivals, boasting 1.06 million bales, followed by Rahim Yar Khan with 0.59 million bales.
Industry Dynamics: Procurements and Market Movements
The textile sector has successfully procured 7.314 million bales of cotton, while exporters and traders have made notable purchases of 0.292 million bales this season. It’s worth noting that, despite announcements by federal and provincial governments, the Trading Corporation of Pakistan (TCP) has not engaged in cotton purchases from farmers for the ongoing 2023-24 season.
Cotton’s Economic Significance
Cotton, being Pakistan’s pivotal cash crop, accounts for a substantial 55% of all foreign exchange earnings. Approximately 25-30% of farmers cultivate cotton, covering over 15% of the total cultivated area. In economic terms, cotton production contributes 4.5% to the value added in Agriculture GDP and 0.8% to the overall GDP. Additionally, it serves as the primary raw material for the textile industry, the country’s largest agro-industrial sector, employing 17% of the population and contributing 8.5% to the national GDP.