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Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 24-10-2014

Karachi, October 24, 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.
                                                                             23.10.2014          Ex.Karachi

37.324 kg                   5,100           150           5,250                5,250               NIL
Equivalent
40 kgs                      5,466           160           5,626                5,626               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.
                                                         
                                                         PART -II
                                                     (DOMESTIC TRANSACTION)
                                                       Dated; October 24,2014
                                                        2014- 2015  C R O P

Bales           Station                  Rate              Bales         Station                Rate
600             Khair Pur                5200             200         Khichi wala              5200
1000            Upper Sindh              5200             1000        Khanewal              5200/5250
1000            Jahania                  5150             600         TobaTek Sing             5225
800             Chistian               5150/5200          600         Mongi Bangle             5225
400             Multan                 5150/5175          800         Dera Ghazi Khan       5225 / 5250
400             Hasil Pur                5175             1000        Ahmed Pur             5240 / 5250
200             Renala Khurd             5175             1000        Bahawal Pur              5250
600             Jalal Pur                5200             1000        Fazil Pur                5250
200             Kamalia                  5200             1400        Kot Addu                 5250
1000            Haroonabad               5200             1000        Esa Khail                5250
600             Faqir wall               5200             400         Tonsa Sharif             5250
400             Shujabad                 5200             1600        Ali Pur                  5250
200             Lodhran                  5200             3000        Rajan Pur            5250 / 5275
400             Gojra                    5200             200         Jam Pur                  5275

                                                              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 July,2014(p)             15,702,309
July,2014                                                6,335       Non Listed Mill consumption      17,647
                                                       260,639
                                                                                           Total:- 15,719,956
Source: Pakistan Bureau of Statistics                             Source: Textile Commissioner's Organization

(ARRIVAL CROP 2014-15)                                                     (COMPOSITE EXCHANGE RATES)
As on October 15, 2014                                                     Date; October 24,2014
                                         In Bales
                        Punjab             Sindh         Pakistan
Total Arrivals         2,745,404          2,598,980      5,344,384       Country   selling     Buying      Sight
Sales to TCP               -                -             -
"to Exporters              9,000            185,470        194,470         USA     102.70      102.50     102.29
"to Mills              2,193,438          1,879,342      4,072,780
Unsold Stocks as on 15-10-2014                           1,077,134     Source:  National Bank of Pakistan
Source: PCGA

                                       SUMMARY OF COTTON ARRIVAL IN 2014-15 AND 2013-14 AS ON 15.10.2014
                                                         2014-15                                  2013-14

                                          PUNJAB         SINDH            TOTAL        PUNJAB       SINDH       TOTAL
Total Arrival:                          2,745,404      2,598,980       5,344,384        Data was not collected last year
Difference in bales
%
Flow during this fortnight                766,113         443,175      1,209,288
Sales to TCP                                 -             -                -
Sales to Exporters                          9,000         185,470        194,470
Sales to Mills                          2,193,438       1,879,342      4,072,780
Unsold stocks                                                          1,077,134

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 24-10-2014 appeared first on Business News Pakistan.

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