Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 19-02-2014 : AsiaNet-Pakistan

Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 19-02-2014

February 19, 2014 | General Business News | Share:

Karachi, Febuary 19, 2014 (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.
                                                                            18.02.2014         Ex.Karachi
37.324 kg                  7,000            155           7,155                7,155              NIL
Equivalent
40 kgs                     7,502            155           7,657                7,657              NIL

                                  Valid for the day established by the Rates Committee at 12:00 Noon.

The Grade and Staple Margins Chart nnd the percentage allowances For Micronair 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 closed holiday.

                                             PART - II
                                       (DOMESTIC TRANSACTION)
                                       Dated: Fabuary 19, 2014
                                          2013 - 2014 CROP
Bales      Station             Rate             Bales        Station               Rate
600     BahawaI Pur            6800                800       Lodhran               7040
200     Chichwatni             6950                200       Haroonabad            7100
200     Faqir wali             7000               1000       Sadiqabad             7200
400     Hash Pur               7000                400       Khanewlal(BCI)        7200
600     Ali Pur                7025

                                                         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 Nov.,2013                             36,763          Aug,to Nov.,2013           3,945,882
December,2013                                 24,291
                                              61,054          December,2013              1,000,000
                                                                          Total:-        4,945,882
Source: Pakistan Bureau of Statistics                                    Source: Textile Commissioner's Organization

(ARRIVAL CROP 2013-14)                                                     (COMPOSITE EXCHANGE RATES)
As on Fabuary 15, 2014                                                       Date: Fabuary 19, 2014
                                   In Bales
                         Punjab           Sindh         Pakistan          Country      Selling    Buying    Sight
Total Arrivals           9,493,662        3,748,495     13,242,157
Sales to TCP                -                -             -
"to Exporters               98,842          254,527        353,369          USA         104.80    104.60  104 .39
"to Mills                8,644,456        3,118,037     11,762,493
Unsold Stocks as on 15-02-2014                           1,126,295       Source:  National Bank of Pakistan
Source: PCGA

                                        SUMMARY OF COTTON ARRIVAL IN 2013-14 AND 2012-13 AS ON 15.02.2014
                                                       2013-14
                                            PUNJAB         SINDH           TOTAL          PUNJAB         SINDH           TOTAL
Total Arrival:                            9,493,662       3,748,495    13,242,157       9,257,340      3,375,989       12,633,329
Difference in bales
%                                             +2.55         +11. 03         +4.82
Flow during this fortnight                  131,477          10,268       141,745
Sales to TCP                                 -             -               -
Sales to Exporters                           98,842        254,527         353,369        133,040        142,978          276,018
Sales to Mills                            8,644,456       3,118,037     11,762,493      8,177,312      2,893,375       11,070,687
Unsold stocks                                                            1,126,295                                      1,286,624

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