LAHORE - Spot rate for cotton rose sharply to Rs3275 from its earlier rate of Rs 3,200 per maund, market sources said. This sharp increase was mainly due to continued buying by mills amid worries regarding short crop this season, experts said. According to government officials, cotton arrivals are expected to be in the region of 11.5 - 12m bales, which is close to the expected estimate of 12 million bales but far below government's initial target of 14.2 million bales. Analysts said that cotton arrivals from all over the country stood at 8.3 million bales during the period of Jul-Nov for fiscal year 2008-09, as against 7.28 million bales recorded in the corresponding period of the last fiscal, reflecting an increase of 15 per cent. According to the data released by Pakistan Cotton Ginners Association (PCGA), while this growth is still impressive, it has slowed in the last fortnight as arrivals from Nov 15 to Dec 1, stood at 1.2 million bales, down by 15 per cent from 1.4 million bales recorded in the corresponding period of last fiscal. Agriculture analyst Farhan Rizvi from JS Capital Market said that though this year cotton was cultivated on the area which is 15 per cent less than that of this year, yet crop is bumper on the back of some other reasons. He said that, this year, govt main focus was agriculture and it also gave different stimulus to the growers to cultivate cotton. He said that in fiscal year 2007-08 cotton was sowed on vast area but the crop was severely hit by leave virus curl. Agriculture expert Bilal Hameed was of the view that cotton arrivals for FY09 to range between 12.5-13.0 million bales, lower than the government's target of 14.0 million.