Breaking News

Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 30-10-2014

Karachi, October 30, 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.
                                                                             29.10.2014          Ex.Karachi

37.324 kg                   5,150            150             5,300              5,250               +50
Equivalent
40 kgs                      5,519            160              5,679             5,626               +53

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 30,2014
                                                        2014- 2015  C R O P

Bales           Station                  Rate                Bales         Station              Rate
2000            Khair Pur              5150/5200              600        Chichewatni        5225/ 5250
2500            Upper Sindh           5150/5200               200        Jhang                5225
200             Haroonabad              5185                  400        Sahiwal              5225
400             Hasil Pur               5200                  400        Lodhran              5250
600             Burewala                5200                  400        Tonsa Sharif         5250
400             Faqir wali              5200                 1400        Khanewal           5250 / 5275
400             Chistian                5200                 1000        Layyah               5275
200             Bahawal Nagar           5200                  400        Rahim Yar Khan       5275
400             Multan                  5200                  200        Sadiqabad            5300
400             Fort Abbas              5200                 1000        Rajan Pur            5300
200             Vehari                  5200                  600        Fazil Pur            5300
1600            Ahmed Pur              5200/5250             2000        Mian wali            5300
400             Mian chano             5200/5225

                                                              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 2014-15)                               Qty. in MT               Month                          Bales
Aug,2014                                              7,757                 Aug,to July,2014(p)             15,702,309
September,2014                                        8,375              Non Listed Mill consumption        17,647
                                                     16,132
                                                                                            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 30,2014
                                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      103.00       102.80     102.59
"to Mills               2,193,438          1,879,342      4,072,780
Unsold Stocks as on  15-09-2014                           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:l
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 30-10-2014 appeared first on Business News Pakistan.

Check Also

Engro Fertilizers Wins IFA Green Leaf Award for Excellence in Safety and Sustainability

Karachi, Engro Fertilizers has been awarded the prestigious International Fertilizers Association (IFA) Green Leaf Award 2024 for its outstanding health, safety, and environmental (HSE) practices in the Nitrogen Category. This recognition places the c...

The post Engro Fertilizers Wins IFA Green Leaf Award for Excellence in Safety and Sustainability appeared first on Pakistan Business News.