Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 21-02-2014 - AsiaNet-Pakistan

Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 21-02-2014

February 21, 2014 | General Business News | Share:

Karachi, Febuary 21, 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.
                                                                            20.02.2014         Ex.Karachi
37.324 kg                 6,950           155             7,105               7,155              -50
Equivalent  40 kgs        7,448           155             7,603               7,657              -54

                                  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 21, 2014
                                          2013 - 2014 CROP
Bales      Station               Rate           Bales     Station                Rate
400       Fort Abbas           6800/6900         400      Chichawatni            7050
200       Yazman Mandi           6900            400      Chistian               7050
200       Faqir wali             7000            800      Jalal Pur              7050
400       Haroonabad             7000

                                                         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                             61,054          Aug,to Nov.,2013           3,945,882
January,2014                                  62,639
                                             123,693          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 21, 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         104.85    104.65   104.43
"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

                   SUB:  NEW FEATURE OF TRADE LEADS ON RDACELL WEBSITE

Excerpt from, Ministry of Textile Industry, G.O.P, Islamabad letter No. F.No 12(51) RDACEL/2014 dt. 19.02.2014 on the above subject is reproduced below for information of Cotton Trade.

It is to inform hat ROACELL: has added new feature of trade leads on RDACELL website main page, this link is placed to enhance business development locally and nternationally for Texille Stake Holders.
2. Please visit www.rdacell.com and click FREE REQUEST butlon in LEADS TO PROMOTE YOUR BUSINESS SECTION.lnform, your members to float free business queries in his link which will be seen by every registered member.
3. Another feature oflob section is also included for registered members where they can place request for any job requirement they nay have http://rdacell.com/jobs/
4. In case of any information please contact manager,i@rdacell.com.

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