Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 11-12-2013 : AsiaNet-Pakistan

Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 11-12-2013

December 11, 2013 | General Business News | Share:

Karachi, December 11, 2013 (PPI-OT):

                                                        CROP 2013-2014
                                                           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.
                                                                             10.12.2013         Ex.Karachi
37.324 kg
                           6,450             155             6,605             6,605               Nil
Equivalent40 kgs
                           6,912             155             7,067             7,067               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: December 11, 2013
                                        2013 - 2014 CROP
Bales            Station              Rate                   Bales         Station                    Rate
400              Jhole                5450                    400          Noor Pur                    6500
400              Hala                 6000                   4200          Haroonabad              6500 / 6525
600              Upper Sindh          6450                   1200          Bahawal Pur                 6500
400              Multan               6450                   1800          Yazman mandi                6500
400              Daran wala           6450                    800          Ali Pur                     6550
3800             Hasil Pur        6450 / 6525                 400          Bakhar                      6600
400              Chistian             6475                   3000          Rahim Yar Khan              6650
2600             Faqir wali           6500                   2000          Khan Pur                    6650
400              Khichiwala           6500                   1800          Mian wali               6650 / 6750
2400             Fort Abbas           6500

                                                      PART - III
                                                      (EXPORTS)
Registration:-                                               Shipments:-
PERIOD - (MY 2013-14)             CROP            BALES       PERIOD- (MY 2013-14)         CROP            Bales
01-08-13 to 23-10-13         2011 - 2012            500      01-08-13 to 23-10-13         2012-13         55,852
01-08-13 to 23-10-13         2012 - 2013         49,920      01-08-13 to 23-10-13         2013-14         89,202
01-08-13 to 23-10-13         2013 - 2014        186,970                                   Total;-        145,054
                                  Total:-       237,390
Source: Trade Development Authority of Pakistan              Source: Trade Development Authority of Pakistan

        PART -IV                                                                      PART - V
       (IMPORTS)                                                          (Mills Consumption of Raw Cotton)
                                                                                Cotton Season 2012-2013
PERIOD - (MY 2013-14)                          Qty. in MT               Month                         Bales
Aug., to Sept., 2013                             17,809            Aug, to July, 2013               12,881,436
October, 2013                                     9,336            Non Listed Mill Consumption       1,958,982
                                                 27,145                         Total:-             14,840,418
Source: Pakistan Bureau of Statistics                               Source: Textile Commissioner's Organization

(ARRIVAL CROP 2013-14)                                                      (COMPOSITE EXCHANGE RATES)
As on December 01, 2013                                                       Date; December 11, 2013
                                   In Bales
                       Punjab           Sindh       Pakistan           Country    Selling   Buying    Sight
Total Arrivals        7,565,861       3,479,480   11,045,341
Sales to TCP                  -              -             -
"to Exporters            69,950         204,424      274,374           USA         107.00   107.50   107.28
"to Mills             6,154,885       2,574,251    8,729,136
Unsold Stocks as on 01-12-2013                     2,041,831           Source:  National Bank of Pakistan
Source: PCGA
                                 SUMMARY OF COTTON ARRIVAL IN 2013-14 AND 2012-13 AS ON 01.12.2013
                                                2013-14                                     2012-13
                                   PUNJAB        SINDH        TOTAL            PUNJAB        SINDH          TOTAL
Total Arrival:                   7,565,861     3,479,480   11,045,341        6,605,379      2,977,181     9,582,560
Difference in bales
%                                   +14.54        +16.87       +15.27
Flow during this fortnight       1,361,527       165,684    1,527,211
Sales to TCP                            -              -            -
Sales to Exporters                  69,950       204,424      274,374           33,300        126,440       159,740
Sales to Mills                   6,154,885     2,574,251    8,729,136        5,395,499      2,254,874     7,650,373
Unsold stocks                                               2,041,831                                     1,772,447

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