Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 01-10-2014

Karachi, October 01, 2014 (PPI-OT):

                                                       CROP 213-214
                                                         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.
                                                                             30.09.214          Ex.Karachi

37.324 kg                   5,150            150           5,300                5,300            NIL
Equivalent
40 kgs                      5,519            160           5,679                5,679            NIL

Valid for the day established by the Rates Committee at 12:00 Noon. Grade and Staple Margins are notified below:

The Grade and Staple Margins Chart and the percentage allowances for Micronaire 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 to be a closed holiday.

                                                         GRADE AND STAPLE MARGINS
                                          (for the period from October 16, 2014 to October 31, 2014)
                                                                 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   -  50         - 54          - 0            0            +50      - 54     + 150     + 161      + 250       268        + 350       375
  1     - 100        - 107         - 50         - 54            - 0       - 0     + 100     + 107      + 200       214        + 300       322
  2     - 150        - 161        - 100         -107            -50      - 54      + 50      + 54      + 150       161        + 250       268
  3      -200        - 214         -150         -161           -100      -107           BASE           + 100       107        + 200       214
  4      -300        - 322         -200         -214           -150     - 161     - 100     - 107          0         0        + 100       107
  5      -350        - 375         -250         -268           -200      -214     - 150     - 161        -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
                                         4.0                              0.5                       4.0 

                                                         PART -II
                                                     (DOMESTIC TRANSACTION)
                                                       Dated; October 01,2014
                                                           2014-2015-CROP

Bales          Station                 Rate              Bales        Station                Rate
1000           Rohri                   5250              600          Haroonabad          5250/5300
600            Burewala                5250              400          Rajan Pur              5300
600            Arif wala               5250              400          Mian wali              5300
200            Qabula                  5250

                                                              PART - III
                                                               (EXPORTS)
Registration:-                                                     Shipments:-
PERIOD - (MY 2014-15)            CROP               BALES          PERIOD- (MY 2014-15)           CROP           Bales
01-08-14 to 23-09-14            2013 - 2014          4,250
01-08-14 to 23-09-14            2014 - 2015        161,818          01-08-14 to 23-09-14          2013-14        4,207

                                                                    01-08-14 to 23-09-14          2014-15       72,066 
                                       Total;-      166,068                                        Total;-      76,273
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 June,2014                                      254,304          Aug,to June,2014             14,408,191
July,2014                                                6,335          July, 2014(P)                 1,294,118
                                                       260,639
                                                                                           Total:-    15,702,309
Source: Pakistan Bureau of Statistics                             Source: Textile Commissioner's Organization

(ARRIVAL CROP 2014-15)                                                     (COMPOSITE EXCHANGE RATES)
As on September 15, 2014                                                     Date; October 01,2014
                                        In Bales
                        Punjab           Sindh         Pakistan
Total Arrivals         1,190,680          1,559,883      2,750,563        Country   selling     Buying      Sight
Sales to TCP               -                -             -
"to Exporters                                97,615         97,615          USA     102.60      102.40     102.19
"to Mills              1,044,076          1,270,761      2,314,837
Unsold Stocks as on 15-09-2014                             338,111       Source:  National Bank of Pakistan
Source: PCGA

                                       SUMMARY OF COTTON ARRIVAL IN 2014-15 AND 2013-14 AS ON 15.09.2014
                                                         2013-14                                  2012-13 
                                          PUNJAB         SINDH            TOTAL        PUNJAB       SINDH       TOTAL
Total Arrival:                          1,190,680      1,559,883        2,750,563      931,612    1,695,154   2,626,766
Difference in bales
%                                           27.81         -7.95              4.73
Flow during this fortnight                 380,364        607,917         988,281
Sales to TCP                                 -             -                -
Sales to Exporters                           -            97,615           97,615        9,000        97,086      97,615
Sales to Mills                           1,044,076      1,270,761       2,314,837      828,365     1,383,307   2,314,837
Unsold stocks                                                             338,111                                309,008

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

The post Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 01-10-2014 appeared first on Business News Pakistan.

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