Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 13-04-2015 : AsiaNet-Pakistan

Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 13-04-2015

April 13, 2015 | General Business News | Share:

Karachi, April 13, 2015 (PPI-OT):

                                                    CROP 2014 - 2015
                                                         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.
                                                                                11.04.2015           Ex.Karachi
37.324 kg                    5,250            150             5,400
Equivalent                                                                         5,400               NIL
40 kgs                       5,626            160             5,786                5,786               NIL

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 March 16, 2015 to April 15, 2015)
                                                                    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   - 350        -375       - 250         -268             - 50           -54     + 250       268           + 400         429           + 500      536
1       - 400        -429       - 300         -322            - 150          -161      +200       214           + 350         375           + 450      482
2       - 450        -482       - 350         -375            - 200          -214     + 150       161           + 300         322           + 400      429
3       - 800        -857       - 600         -643            - 400          -429           BASE                + 200         214           + 300      322
4      - 1200       -1286      - 1000        -1072            - 800          -857     - 400      -429          - 200         -214           - 100     -107
5      - 1300       -1393      - 1100        -1179            - 900          -965     - 500      -536          - 300         -322           - 200     -214

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:

                                                            PART -II
                                                     (DOMESTIC TRANSACTION)
                                                     Dated; April 13, 2015
                                                          2014-2015 CROP
Bales     Station                     Rate
200       Sadiqabad                   5300
                                                              PART - III
                                                              (EXPORTS)
Registration:-                                                          Shipments:-
PERIOD - (MY 2014-15)              CROP                BALES            PERIOD- (MY 2014-15)            CROP             Bales
01-08-14 to 31-03-15            2013 - 2014            10,073           01-08-14 to 31-03-15          2013-14           10,170
01-08-14 to 31-03-15            2014 - 2015           572,881           01-08-14 to 31-03-15          2014-15          490,205
                                   Total:-            582,954                                           Total;-        500,375
Source: Trade Development Authority of Pakistan

                         PART -IV                                          PART - V
                         (IMPORTS)                               (Mills Consumption of Raw Cotton)
                                                                   Cotton Season 2014-2015

PERIOD - (MY 2014-15)           Qty. in MT            Month                         Bales
Aug., to Jan., 2015               61,362              Aug.,14 to Jan.,2015        8,003,964
February, 2015                    17,540              February, 2015              1,318,471
                                  78,902              Total:-                     9,322,435

Source: Pakistan Bureau of Statistics

                      (ARRIVAL CROP 2014-15)                                         (COMPOSITE EXCHANGE RATES)
                       As on April 01, 2015                                            Date; April 13, 2015

                                       In Bales
                               Punjab             Sindh              Pakistan         Country     Selling    Buying       Sight
Total Arrivals              10,864,105          3,974,500           14,838,605
Sales to TCP                    59,200             35,700               94,900
" to Exporters                  77,835            396,256              474,091          USA       101.60     101.40       101.19
" to Mills                  10,442,294          3,378,401           13,820,695
Unsold Stocks as on 01-04-2015                                         448,919
Source: National Bank of Pakistan
Source: PCGA

                                          SUMMARY OF COTTON ARRIVAL IN 2014-15 AND 2013-14 AS ON 01.04.2015
                                                            2014-15                                              2013-14
                                           PUNJAB            SINDH                TOTAL          PUNJAB           SINDH                TOTAL
Total Arrival:                           10,864,105        3,974,500            14,838,605      9,625,703       3,760,132            13,385,835
Difference in bales                       1,238,402          214,368             1,452,770
%                                            12.87             5.70                 10.85
Flow during this fortnight                   49,333            3,477                52,810
Sales to TCP                                 59,200           35,700                94,900
Sales to Exporters                           77,835          396,256               474,091        111,250         270,756               382,006
Sales to Mills                           10,442,294        3,378,401            13,820,695      9,051,063       3,256,203            12,307,266
Unsold stocks                                                                                     448,919                                                       696,563

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