Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 04-08-2014

Karachi, August 04, 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.
                                                                            02.08.2014         Ex.Karachi
37.324 kg                   5,250            150           5,400                5,550            -150
Equivalent
40 kgs                      6,626            160           5,786                5,937            -151

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 July 01, 2014 to July 31, 2014)
                                                                 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   -  50         - 54          - 0            0            +50      - 54     + 150     + 161      + 250       268        + 350       375
  1     - 100        - 107         - 50         - 54            - 0       - 0     + 100     + 107      + 200       214        + 300       322
  2     - 150        - 161        - 100         -107            -50      - 54      + 50      + 54      + 150       161        + 250       268
  3      -200        - 214         -150         -161           -100      -107           BASE           + 100       107        + 200       214
  4      -300        - 322         -200         -214           -150     - 161     - 100     - 107          0         0        + 100       107
  5      -350        - 375         -250         -268           -200      -214     - 150     - 161        -50       -54         + 50        54

All above margins are based on Micronaire value between 3.8 to 4.9 NCL for Grades Super, 1, 2, and 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:

Micronaire below 3.8 in               Percentage                    Micronaire in               Percentage
Grades Super,1,2 and 3                Allowance                     Excess of 4.9               Allowance
and Micronaire below 3.5
in Grades 4 and 5
        0.1                              0.5                              0.1                       0.5
        0.2                              1.0                              0.2                       1.0
        0.3                              2.0                              0.3                       2.0
        0.4                              3.0                              0.4                       3.0
        0.5                              4.0                              0.5                       4.0
                                         4.0                              0.5                       4.0

                                                          PART -II
                                                     (DOMESTIC TRANSACTION)
                                                      Dated; August 04, 2014
                                                         2014-2015-CROP

Bales                      Station                Rate                 Bales         Station            Rate
1600                       Shahdad Pur            5250/5300            1400          Mir PurKhas       5250/5300
1400                       Sanghar                5250/5300            1000          Tando Adam        5250/5300

                                                               PART - III
                                                                  (EXPORTS)
Registration:-                                                          Shipments:-
PERIOD - (MY 2013-14)                       CROP              BALES      PERIOD- (MY 2013-14)           CROP           Bales
01-08-13 to 30-06-14                      2011 - 2012           500
01-08-13 to 30-06-14                      2012 - 2013        51,580      01-08-13 to 30-06-14          2012-13        58,370
01-08-13 to 30-06-14                      2013 - 2014       618,875      01-08-13 to 30-06-14          2013-14       479,768
                                               Total;-      670,955                                     Total;-      538,138
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 May.,2014                                      238,454          Aug,to March.,2014         10,448,705
June,2014                                               15,850          April,2014                  1,327,058
                                                       254,304
                                                                                      Total:-     11,775,763
Source: Pakistan Bureau of Statistics                             Source: Textile Commissioner's Organization

(ARRIVAL CROP 2013-14)                                                     (COMPOSITE EXCHANGE RATES)
As on May 01, 2014(Final)                                                      Date; August 04,2014
                                        In Bales
                        Punjab           Sindh        Pakistan
Total Arrivals         9,631,362        3,760,332     13,391,694           Country   selling     Buying      Sight
Sales to TCP               -                -             -
"to Exporters            123,826          275,556        399,382             USA       98.60      98.40      98.20
"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

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