Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 31-10-2014

Karachi, October 31, 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.
                                                                             30.10.2014          Ex.Karachi

37.324 kg                   5,150            150             5,300              5,300               +50
Equivalent
40 kgs                      5,519            160              5,679             5,679               +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 31,2014
                                                        2014- 2015  C R O P

Bales           Station                      Rate                Bales          Station              Rate
200             Sanghar                      4600                1000           Haroonabad        5200 / 5250
200             Shahdad Pur                  4700                1400           Bahawal Pur       5200 / 5275
400             More                         5050                2000           Khanewal          5200 / 5300
3000            Khair Pur                5200 / 5250             l000           Burewala             5250
2000            Upper Sindh              5200/  5250              400           Jalal Pur            5250
600             Jahanian                     5175                 200           Daharan Wala         5250
800             Multan                  5175/   5250              800           Kabirwala            5250
800             Vehari                       5200                1000           Mian wali            5300
400             Hasil Pur                    5200                2000           Rajan Pur            5300
800             Bahawal Nagar                5200                 400           Ali Pur              5300
400             Fort Abbas                   5200                1600           RahimyarKhan         5300
600             Ahmed Pur                    5200                2000           Layyah               5300
800             Chistian                     5200                1000           Sadiqabad            5300
200             Lodhran                      5200                1600            Fazil Pur           5300
                                                              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 31,2014
                                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  15-10-2014                           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 31-10-2014 appeared first on Business News Pakistan.

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