Spinning Sector Overview

SPINNING | PAKISTAN COTTON DYNAMICS COTTON ENDING STOCK • • In order to meet its consumption requirements, Pakistan has increased its reliance on imports as local production reduced. Pakistan's major import destination remains United States. Pakistan also imports cotton from Brazil, Turkey & Australia. The prices of Pakistan cotton are in parity with prices in international market. PACRA Pakistan Cotton Ending Stocks (000 MT) FY16 FY 17 FY18 FY19 FY20 Opening Stock Production 93 0 75 162 185 1,686 1,814 2,031 1,676 1,560 Imports 417 506 599 415 536 Consumption 2,147 2,220 2,508 2,055 1,960 Exports 49 25 35 13 13 • However, the country's ending stock has shown steady growth, clocking in at 308,000 MT in FY20. Ending Stock 0 75 162 185 308 13 Source: PCCC

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