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Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 17-03-2015

Karachi, March 17, 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.
                                                                                16.03.2015           Ex.Karachi
37.324 kg                      5,000           150               5,150
Equivalent                                                                         5,150                NIL
40 kgs                         5,358           160               5,518             5,518                NIL

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

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.

                                                            PART -II
                                                     (DOMESTIC TRANSACTION)
                                                     Dated; March 17, 2015
                                                          2014-2015 CROP
Bales     Station                     Rate               Bales          Station                       Rate
400       Shahdad Pur (Conditional)   4200                400           Murid wala                    5100
400       Bahawal Pur                 4700                400           Shahir Sultan                 5200
400       Sahiwal                     4800               2000           Sadiqabad                     5200
200       Vehari                      4850               1000           Ali Pur (Condotional)         5300
500       Khanewal                    4975

                                                              PART - III
                                                              (EXPORTS)
Registration:-                                                          Shipments:-
PERIOD - (MY 2014-15)              CROP                BALES       PERIOD- (MY 2014-15)            CROP             Bales
01-08-14 to 17-03-15            2013 - 2014            10,073   01-08-14 to 07-03-15              2013-14           10,170
01-08-14 to 17-03-15            2014 - 2015           566,003   01-08-14 to 07-03-15              2014-15          478,736
                                Total:-               576,076                                     Total;-          488,906
Source: Trade Development Authority of Pakistan                                            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 Dec., 2014               47,948         Aug., to Oct.,2014               4,035,929
 January, 2015                    13,414         November, 2014                   1,332,141
                                  61,362         Total:-                          5,368,070

Source: Pakistan Bureau of Statistics                             Source: Textile Commissioner's Organization

                      (ARRIVAL CROP 2014-15)                                         (COMPOSITE EXCHANGE RATES)
                       As on March 01, 2015                                            Date; March 17, 2015
                                         In Bales
                               Punjab             Sindh              Pakistan         Country     Selling    Buying       Sight
Total Arrivals              10,741,666          3,964,187          14,705,853
Sales to TCP                    59,200             35,700              94,900
" to Exporters                  75,881            394,956             470,837           USA        101.50    101.30       101.09
" to Mills                  10,013,932          3,280,654          13,294,586
Unsold Stocks as on 01-03-2015                                        845,530
Source: National Bank of Pakistan
Source: PCGA

                                          SUMMARY OF COTTON ARRIVAL IN 2014-15 AND 2013-14 AS ON 01.03.2015
                                                            2014-15                                              2013-14
                                           PUNJAB            SINDH                TOTAL          PUNJAB           SINDH                TOTAL
Total Arrival:                          10,741,666         3,964,187          14,705,853        9,575,135       3,753,532            13,328,667
Difference in bales                      1,166,531           210,655           1,377,186
%                                           12.18              5.61               10.33
Flow during this fortnight                 102,346             9,611             111,957
Sales to TCP                                59,200            35,700              94,900
Sales to Exporters                          75,881           394,956             470,837          102,838         260,556               363,394
Sales to Mills                          10,013,932         3,280,654          13,294,586        8,806,608       3,159,691            11,966,299
Unsold stocks                                                                                     845,530                               998,974

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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