Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 14-11-2014 : AsiaNet-Pakistan

Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 14-11-2014

November 14, 2014 | General Business News | Share:

Karachi, November 14, 2014 (PPI-OT):

                                                       CROP 213-214
                                                         PART - I
                                                        SPOT RATES
                                        KCA Official Spot Rate for Local Dealings in Pak Rupees
                                        FOR BASE GRADE 3 (THREE) STAPLE LENGTH 1-1/16"
                                        MICRONAIRE VALUE BETWEEN 3.8 To 4.9 NCL
Rate                   Ex-Gin Price      Up-country      Spot Rate          Spot Rate           Difference
for                                      Expenses        Ex-Karachi         Ex. KHI. As on        In Rs.
                                                                             13.11.2014          Ex.Karachi

37.324 kg                   5,050            150             5,200               5,200               NIL
Equivalent
40 kgs                      5,412            160              5,572              5,572               NIL

Valid for the day established by the Rates Committee at 12:00 Noon. Grade and Staple Margins are notified below:

The Grade and Staple Margins Chart and the percentage allowances for Micronaire below and in excess of the given limits will be published in the DMR of the Association every Monday or on Tuesday, if Monday happens to be a closed holiday.

                                                            PART -II
                                                     (DOMESTIC TRANSACTION)
                                                       Dated; November 14,2014
                                                          2014-2015 C R O P
Bales             Station                   Rate              Bales           Station                 Rate
3000              KhairPur               4850 /495D           400             FortAbbas               5175
1000              Haroonabad             5050/5100            600             Fazilpur                5200
200               Multan                   5100              1000             Rahim Yar Khan          5200
400               Vehari                   5100               8OO             Rajan Pur               5200
200               Pak Pattan               5125               600             Yazman Mandi            5200
600               Chichawatni              5125               400             Chistian                5200
400               Gajra                    5150              1000             Ali Pur              5200 / 5250
400               Kabir wala               5150               400             Layyah                  5250
800               Burewala                 5150               600             Dera Ghazi Khan         5250
600               Khenewal                 5150              1000             MianWali                5250
200               Bakhar                   5165

                                                              PART - III
                                                              (EXPORTS)
Registration:-                                                     Shipments:-
PERIOD - (MY 2014-15)              CROP                BALES          PERIOD- (MY 2014-15)           CROP          Bales
01-08-14 to 31-10-14            2013 - 2014            9,590
01-08-14 to 31-10-14            2014 - 2015          296,502         01-08-14 to 23-09-14           2013-14        4,207

                                                                     01-08-14 to 23-09-14           2014-15       72,066
                                       Total;-      306,092                                       Total;-         76,273
Source: Trade Development Authority of Pakistan                         Source: Trade Development Authority of Pakistan

                         PART -IV                                          PART - V
                         (IMPORTS)                               (Mills Consumption of Raw Cotton)
                                                                   Cotton Season 2013-2014

PERIOD - (MY 2014-15)                               Qty. in MT                 Month                          Bales
Aug,2014                                                 7,757              Aug,to July,2014(p)             15,702,309
September,2014                                           8,375              Non Listed Mill consumption         17,647
                                                        16,132
                                                                                            Total:-         15,719,956

Source: Pakistan Bureau of Statistics                             Source: Textile Commissioner's Organization

(ARRIVAL CROP 2014-15)                                                     (COMPOSITE EXCHANGE RATES)
As on November 01, 2014                                                      Date; November 14,2014
                                In Bales
                        Punjab             Sindh          Pakistan
Total Arrivals          5,236,576          3,145,843      8,382,419     Country    selling       Buying     Sight
Sales to TCP               -                -             -
"to Exporters             23,584             215,650        239,234        USA      101.60       101.40     101.25
"to Mills                  3,861,964       2,198,187      6,060,151
Unsold Stocks as on  01-11-2014                           2,083,034        Source:  National Bank of Pakistan
Source: PCGA

                                          SUMMARY OF COTTON ARRIVAL IN 2014-15 AND 2013-14 AS ON 01.11.2014
                                                         2014-15                                 2013-14

                                         PUNJAB        SINDH            TOTAL          PUNJAB       SINDH       TOTAL
Total Arrival:                          5,236,576      3,145,843      8,382,419       4,578,634    3,027,629   7,606,263
Difference in bales                       657,942        118,214        776,156         275,535      479,672     776,156
%                                          14.37           3.90          10.20 
Flow during this fortnight              2,491,172        546,863      3,038,035
Sales to TCP                                 -             -                -
Sales to Exporters                         23,584        215,650        239,234          30,428     161,229      191,657
Sales to Mills                          3,861,964      2,198,187      6,060,151       3,496,580   2,195,303    5,691,883
Unsold stocks                                                         2,083,034                                1,722,723

For more information, contact:
Karachi Cotton Association
The Cotton Exchange I.I Chundrigar Road,
Karachi, Pakistan.
Phone: +(92)242-5007, +(92)241-2570, +(92)241-6497
Fax: +(92)241-3035, +(92)241-2580
Email: contact@kcapak.org

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Category: General Business News