Cotton arrivals for FY11 conclude at 11.7mn bales

LAHORE –– The cotton arrival season for FY11 wrapped up with the final figure settling at 11.7mn bales (down 8%YoY), according to Pakistan Cotton Ginners Association (PCGA). The final fortnightly flow came in at 91K bales in comparison to 3K bales in the corresponding period last year. Also, the cotton prices locally have taken a breather, settling at Rs 9,000 per maund on availability of low quality lint and passive buying activity in anticipation of new cotton season.

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