Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 30-12-2013 : AsiaNet-Pakistan

Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 30-12-2013

December 30, 2013 | General Business News | Share:

Karachi, December 30, 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.
                                                                             28.12.2013         Ex.Karachi
37.324 kg
                           6,850             155             7,005             6,955            +50
Equivalent40 kgs
                           7,341             155             7,496             7,443            +53
                                  Valid for the day established by the Rates Committee at 12:00 Noon.
                                             Grade and Staple Margins are notified below:

                                                     GRADE AND STAPLE MARGINS
                                    (for the period from December 16, 2013 to December 31, 2013)
                                                                 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   - 300       - 322      - 225         - 241           - 175      - 188     + 150     + 161        +300       +322           + 425     + 455
1      -  375       - 402      - 300         - 322           - 225      - 241     + 100     + 107        +225       +241           + 350     + 375
2      -  450       - 482      - 350         - 375           - 275      - 295     + 50      + 54         +150       +161           + 275     + 295
3      -  525       - 563      - 425         - 455           - 325      - 348           BASE             +100       +107           + 200     + 214
4      -  625       - 670      - 525         - 563           - 425      - 455     - 100     - 107           0          0           + 100     + 107
5      -  725       - 777      - 625         - 670           - 525      - 563     - 200     - 214         100      '-107               0         0

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: December 30, 2013
                                         2013 - 2014 CROP 
Bales      Station              Rate              Bales          Station                    Rate
400      Tando Adam             5500              1089           Ali Pur                    7200
400      Jabanian               7000              1953           Dera Ghazi khan            7200
400      kabir wala             7000               600           Shaher Sultan           7000 /7200
400      Ghazi Ghat             7100               800           Sadiqabad                  7200

                                                          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 - 2013         49,920      01-08-13 to 23-10-13        2012-13        55,852
01-08-13 to 23-10-13                    2013 - 2014        186,970      01-08-13 to 23-10-13        2013-14        89,202
                                             Total:-       237,390                                      Total;-   145,054
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 2013-14)                       Qty. in MT          Month                        Bales
Aug., to Oct.,2013                              27,145          Aug,to Sept.,2013         1,970,353
November, 2013                                   9,618                      
                                                36,763          October,  2013              987,294
                                                                                Total:-   2,957,647
Source: Pakistan Bureau of Statistics                             Source: Textile Commissioner's Organization

(ARRIVAL CROP 2013-14)                                                     (COMPOSITE EXCHANGE RATES)
As on December 15, 2013                                                       Date; December 30, 2013
                                   In Bales
                         Punjab           Sindh         Pakistan          Country     Selling   Buying   Sight
Total Arrivals            8,635,886        3,614,063    12,249,949
Sales to TCP                -                -             -
"to Exporters                85,614          230,190       315,804         USA         105.20   105.00   104.78
"to Mills                 7,216,014        2,746,282     9,962,296
Unsold Stocks as on 15-12-2013                           1,971,849           Source:  National Bank of Pakistan
Source: PCGA
                                        SUMMARY OF COTTON ARRIVAL IN 2013-14 AND 2012-13 AS ON 15.12.2013
                                                       2013-14                                         2012-13
                                           PUNJAB          SINDH           TOTAL           PUNJAB          SINDH           TOTAL
Total Arrival:                            8,635,886     3,614,063      12,249,949       7,645,861      3,123,000       10,768,861
Difference in bales
%                                            +12.95        +15.72          +13.75
Flow during this fortnight                1,070,025       134,583       1,204,608
Sales to TCP                                 -             -               -
Sales to Exporters                           85,614       230,190         315,804          41,100        130,846          171,946
Sales to Mills                            7,216,014     2,746,282       9,962,296       6,427,087      2,426,227        8,853,314
Unsold stocks                                                           1,971,849                                       1,743,601

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