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Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 25-06-2014

Karachi, June 25, 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.
                                                                            24.06.2014         Ex.Karachi
37.324 kg                   6,700            155           6,855                6,905              -50
Equivalent
40 kgs                      7,180            155           7,335                7,389              -54

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 IRANSACTION)
                                                      Dated: June 25, 2014
                                                     2014 - 2015   NEW CROP

Bales      Station                Rate            Bales     Station              Rate
 400       Sanghar             6200/6300           400      Mir Pur Khas         6300
1000       Shahdad Pur         6200/6300           200      Haroonabad           6500

                                                          PART - III
                                                            (EXPORTS)
Registration:-                                                           Shipments:-
PERIOD - (MY 2013-14)                       CROP              BALES      PERIOD- (MY 2013-14)           CROP          Bales
01-08-13 to 07-06-14                      2011 - 2012           500
01-08-13 to 07-06-14                      2012 - 2013        51,580      01-08-13 to 07-06-14          2012-13        58,370
01-08-13 to 07-06-14                      2013 - 2014       617,555      01-08-13 to 07-06-14          2013-14       467,857
                                               Total;-      669,635                                     Total;-      526,227
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 March.,2014                                   207,895          Aug,to Feb.,2014            9,122,823
April, 2014                                            19,640          March, 2014                 1,325,882
                                                      227,535
                                                                                      Total:-     10,448,705
Source: Pakistan Bureau of Statistics                             Source: Textile Commissioner's Organization

(ARRIVAL CROP 2013-14)                                                     (COMPOSITE EXCHANGE RATES)
As on May 01, 2014 (Final)                                                     Date: June 25, 2014
                                        In Bales
                        Punjab           Sindh        Pakistan           Country    Selling    Buying    Sight
Total Arrivals         9,631,362        3,760,332     13,391,694
Sales to TCP               -                -             -                USA       98.40      98.20    98.00
"to Exporters            123,826          275,556        399,382
"to Mills              9,230,582        3,353,914     12,584,496
Unsold Stocks as on 01-05-2014                           407,816       Source:  National Bank of Pakistan
Source: PCGA

                                       SUMMARY OF COTTON ARRIVAL IN 2013-14 AND 2012-13 AS ON 01.05.2014 (Final)
                                                         2013-14                                     2012-13 
                                          PUNJAB         SINDH           TOTAL          PUNJAB         SINDH           TOTAL
Total Arrival:                           9,631,362     3,760,332       13,391,694       9,508,418    3,407,167     12,915,585
Difference in bales
%                                             1.29         10.37             3.69
Flow during this fortnight                     706           200              906
Sales to TCP                                   -             -                 -
Sales to Exporters                         123,826       275,556          399,382         207,967      145,378        353,345
Sales to Mills                           9,230,582     3,353,914       12,584,496       9,051,051    3,111,270     12,162,321
Unsold stocks                                                             407,816                                     399,919

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 25-06-2014 appeared first on Business News Pakistan.

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