Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 27-02-2014

Karachi, February 27, 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.
26.02.2014 Ex.Karachi
37.324 kg 6,900 155 7,055 7,055 -NIL
Equivalent 40 kgs 7,395 155 7,550 7,550 -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: Fabuary 27, 2014
2013 – 2014 CROP
Bales Station Rate Bales Station Rate
200 Mir Pur Khas 5800 200 Faqir wali 8850
200 Rohri 6760 200 Haroonabad 6900
400 Bahawal Pur 6775 263 Sadiqabad 6900
400 Yazman mandi 6825 200 Khanewal 7050
200 Gojra 6850 800 Jalal Pur 7050
200 Chichawatni 6850 1400 Rajan Pur 7100
200 Rahim Yar Khan, 6850

PART – III
(EXPORTS)
Registration:- Shipments:-
PERIOD – (MY 2013-14) CROP BALES PERIOD- (MY 2013-14) CROP Bales
01-08-13 to 23-10-13 2011 – 2012 500
01-08-13 to 23-10-13 2012 – 2013 49,920 01-08-13 to 23-10-13 2012-13 55,852
01-08-13 to 23-10-13 2013 – 2014 186,970 01-08-13 to 23-10-13 2013-14 89,202
Total:- 237,390 Total;- 145,054
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 Dec.,2013 61,054 Aug,to Nov.,2013 3,945,882
January,2014 62,639
123,693 December,2013 1,000,000
Total:- 4,945,882
Source: Pakistan Bureau of Statistics Source: Textile Commissioner’s Organization

(ARRIVAL CROP 2013-14) (COMPOSITE EXCHANGE RATES)
As on Fabruary 15, 2014 Date; Fabuary 27, 2014
In Bales
Punjab Sindh Pakistan Country Selling Buying Sight
Total Arrivals 9,493,662 3,748,495 13,242,157
Sales to TCP – – –
“to Exporters 98,842 254,527 353,369 USA 104.90 104.70 104.48
“to Mills 8,644,456 3,118,037 11,762,493
Unsold Stocks as on 15-02-2014 1,126,295 Source: National Bank of Pakistan
Source: PCGA

SUMMARY OF COTTON ARRIVAL IN 2013-14 AND 2012-13 AS ON 15.02.2014
2013-14
PUNJAB SINDH TOTAL PUNJAB SINDH TOTAL
Total Arrival: 9,493,662 3,748,495 13,242,157 9,257,340 3,375,989 12,633,329
Difference in bales
% +2.55 +11.03 +4.82
Flow during this fortnight 131,477 10,268 141,745
Sales to TCP – – –
Sales to Exporters 98,842 254,527 353,369 133,040 142,978 276,018
Sales to Mills 8,644,456 3,118,037 11,762,493 8,177,312 2,893,375 11,070,687
Unsold stocks 1,126,295 1,286,624

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