Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 01-04-2015

Karachi, April 01, 2015 (PPI-OT):

                                                       CROP 2014 - 2015
                                                         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.
                                                                                31.03.2015           Ex.Karachi
37.324 kg                      5,150           150               5,300
Equivalent                                                                         5,300                NIL
40 kgs                         5,519           160               5,679             5,679                NIL

Valid for the day established by the Rates Committee at 12:00 Noon.

Grade and Staple Margins are notified below:

                                                               GRADE AND STAPLE MARGINS
                                              (for the period from March 16, 2015 to April 15, 2015)
                                                                    STAPLE
GRADE
               31/32"                   1"                            1-1/32"                  1-1/16"                   1-3/32"                    1-1/8"
        37.32kg      40 kg     37.32kg        40 kg           37.32kg         40 kg      37.32kg     40 kg         37.32kg     40 kg         37.32kg    40 kg
Super   - 350        -375       - 250         -268             - 50           -54        + 250       268           + 400        429           + 500      536
1       - 400        -429       - 300         -322            - 150          -161         +200       214           + 350        375           + 450      482
2       - 450        -482       - 350         -375            - 200          -214        + 150       161           + 300        322           + 400      429
3       - 800        -857       - 600         -643            - 400          -429               BASE               + 200        214           + 300      322
4      - 1200       -1286      - 1000        -1072            - 800          -857        - 400      -429           - 200       -214           - 100     -107
5      - 1300       -1393      - 1100        -1179            - 900          -965        - 500      -536           - 300       -322           - 200     -214

All above margins are based on Micronaire value between 3.8 to 4.9 NCL for Grades Super, 1, 2, 3 and Micronaire value between 3.5 to 4.9 NCL for Grades 4 and 5. Approval of Government for Grade Super and Micronaire value 3.8 to 4.9 NCL is awaited.

The discount on the basis of low or high Micronaire is stated below which is applicable in addition to the above mentioned margins:

                                                            PART -II
                                                     (DOMESTIC TRANSACTION)
                                                     Dated; April 01, 2015
                                                          2014-2015 CROP
Bales     Station                     Rate               Bales          Station                       Rate
200       Hasil Pur                   4400                600           Kabbir wala                   5275
400       Jalal Pur                   5000                600           Mian wali                     5300

                                                              PART - III
                                                              (EXPORTS)
Registration:-                                                          Shipments:-
PERIOD - (MY 2014-15)              CROP                BALES            PERIOD- (MY 2014-15)            CROP             Bales
01-08-14 to 15-03-15           2013 - 2014             10,073           01-08-14 to 15-03-15           2013-14           10,170
01-08-14 to 15-03-15           2014 - 2015            568,529           01-08-14 to 15-03-15           2014-15          478,736
                                   Total:-            578,602                                           Total;-         488,906
Source: Trade Development Authority of Pakistan
                         PART -IV                                          PART - V
                         (IMPORTS)                               (Mills Consumption of Raw Cotton)
                                                                   Cotton Season 2014-2015

PERIOD - (MY 2014-15)           Qty. in MT            Month                         Bales
Aug., to Jan., 2015              61,362               Aug., to Oct.,2014          4,035,929
February, 2015                   17,540               November, 2014              1,332,141
                                 78,902               Total:-                     5,368,070

Source: Pakistan Bureau of Statistics                             Source: Textile Commissioner's Organization

                      (ARRIVAL CROP 2014-15)                                         (COMPOSITE EXCHANGE RATES)
                       As on March 15, 2015                                            Date; April 01, 2015
                                         In Bales
                               Punjab             Sindh              Pakistan         Country     Selling    Buying       Sight
Total Arrivals              10,814,772          3,971,023           14,785,795
Sales to TCP                    59,200             35,700               94,900
" to Exporters                  77,781            395,556              473,337         USA        101.70     101.50       101.29
" to Mills                  10,239,051          3,333,521           13,572,572
Unsold Stocks as on 15-03-2015                                         644,986
Source: National Bank of Pakistan
Source: PCGA

                                          SUMMARY OF COTTON ARRIVAL IN 2014-15 AND 2013-14 AS ON 15.03.2015
                                                            2014-15                                              2013-14
                                           PUNJAB            SINDH                 TOTAL          PUNJAB           SINDH                TOTAL
Total Arrival:                           10,814,772        3,971,023            14,785,795      9,614,295       3,755,332            13,369,627
Difference in bales                       1,200,477          215,691             1,416,168
%                                             12.49             5.74                 10.59
Flow during this fortnight                   73,106            6,836                79,942
Sales to TCP                                 59,200           35,700                94,900
Sales to Exporters                           77,781          395,556               473,337        106,517         263,156               369,673
Sales to Mills                           10,239,051        3,333,521            13,572,572      8,941,222       3,207,412            12,148,634
Unsold stocks                                                                                     644,986         851,320

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

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