Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 17-11-2014 : AsiaNet-Pakistan

Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 17-11-2014

November 17, 2014 | General Business News | Share:

Karachi, November 17, 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.
                                                                             15.11.2014          Ex.Karachi

37.324 kg                   4,950            150             5,100               5,150               -50
Equivalent
40 kgs                      5,305            160              5,465              5,518               -53

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.

                                                          GRADE AND STAPLE MARGINS
                                          (for the period from November 16, 2014 to November 30, 2014)
                                                                 STAPLE
GRADE
                31/32"                    1"                        1-1/32"             1-1/16"             1-3/32"                 1-1/8"
          37.32kg      40 kg     37.32kg       40 kg          37.32kg      40 kg    37.32kg  40 kg     37.32kg   40 kg        37.32kg     40 kg
Super   -  50         - 54          - 0            0            +50      - 54         + 150    161      + 250       268        + 350       375
  1     - 100         - 107         - 50          -54           -0       - 0          + 100    107      + 200       214        + 300       322
  2     - 150         - 161         - 100         -107          -50      - 54         + 50      54      + 150       161        + 250       268
  3      -200         - 214         - 150         -161          -100     - 107             BASE         + 100       107        + 200       214
  4      -400         - 429         - 300         -322          -250     - 268        - 200    -214       0         0          + 100       107
  5      -450         - 482         - 300         -375          -300      -322        - 250    -268      -50       -54         + 50        54

All above margins are based on Micronaire value between 3.8 to 4.9 NCL for Grades Super, 1, 2, and 3 and Micronaire value between 3.5 to 4.9 NCL for Grades 4 and 5.

Approval of Government for Grade Super and Micronaire value 3.8 to 4 9 NCL is awaited.

The discount on the basis of low or high Micronaire is stated below which is applicable in addition to the above mentioned margins:

Micronaire below 3.8 in               Percentage                    Micronaire in               Percentage
Grades Super,1,2 and 3                Allowance                     Excess of 4.9               Allowance
and Micronaire below 3.5
in Grades 4 and 5
        0.1                              0.5                              0.1                       0.5
        0.2                              1.0                              0.2                       1.0
        0.3                              2.0                              0.3                       2.0
        0.4                              3.0                              0.4                       3.0
        0.5                              4.0                              0.5                       4.0

                                                            PART -II
                                                     (DOMESTIC TRANSACTION)
                                                       Dated; November 17,2014
                                                          2014-2015 C R O P
Bales             Station                   Rate              Bales           Station                 Rate
1400             Khair Pur                  4750               600            Jan Pur                 5050
400              Jhang                      4900              1000            AhmedPur                5050
1600             Bahawal Nagar              4950               400            Tonsa Sharit            5050
1400             Hasil Pur                  4950               400            Shadan Lund             5050
400              Arif Wala                  4950               800            Rajan Pur               5050
800              Chistian                4950/4975            1000            Ali Pur                 5085
400              Haroonabad                 4975              1200            Rahim Yar Khan          5100
1000             Fort Abbas                 4975              1000            Liaquat Pur             5100
400              PakPattan                  5000              1000            Sadiqabad               5100
1000             Khanewal                5000/5050            1000            Mian wali               5100
4200             Bahawal Pur             5000/5050            2200            Layyah               5100 / 5125

                                                              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 31-10-14          2013-14         4,207

                                                                      01-08-14 to 31-10-14          2014-15       158,912
                                       Total;-      306,092                                           Total;-     163,119
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 17,2014
                                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