Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 24-02-2014 - AsiaNet-Pakistan

Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 24-02-2014

February 24, 2014 | General Business News | Share:

Karachi, Febuary 24, 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.
22.02.2014 Ex.Karachi
37.324 kg 6,900 155 7,055 7,105 -50
Equivalent 40 kgs 7,395 155 7,550 7,603 -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 Febuary 16,2014 to Febuary 28,2014

S T A P L E
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 – 500 – 536 – 425 – 455 – 350 – 375 + 150 + 161 + 350 + 375 + 475 + 509
1 – 575 – 616 – 500 – 536 – 400 – 429 + 100 + 107 + 275 + 295 + 400 + 429
2 – 650 – 697 – 550 – 589 – 450 – 482 + 50 + 54 + 200 + 214 + 325 + 348
3 – 725 – 777 – 625 – 670 – 525 – 563 BASE + 150 + 161 + 250 + 268
4 – 875 – 938 – 775 – 831 – 675 – 723 – 150 – 161 + 50 + 54 + 150 + 161
5 – 975 – 1045 – 875 – 938 – 775 – 831 – 200 – 214 – 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: Fabuary 24, 2014
2013 – 2014 CROP
Bales Station Rate Bales Station Rate
200 Bahawal Nagar 6875 1500 Haroonabad 6900
400 Bahawal Nagar 6900 1500 Faqir Wali 6900

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 24, 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

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