Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 05-05-2014

Karachi, May 05, 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.
                                                                             03.05.2014          Ex.Karachi
37.324 kg                  6 ,500              155           6,655              6,655                NIL
Equivalent   
40 kgs                     6 ,966              155           7,121              7,121                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 May 02, 2014 to May 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    - 675        - 723     - 475         - 509           - 275      - 295       + 150   + 161         + 350       + 375         + 475    + 509
  1      - 725        - 777     - 525         - 563           - 325      - 348       + 100   + 107         + 275       + 295         + 400    + 429
  2      - 775        - 831     - 575         - 616           - 375      - 402       +  50   +  54         + 200       + 214         + 325    + 348
  3      - 825        - 884     - 625         - 670           - 425      - 455           BASE              + 150       + 161         + 250    + 268
  4      -1075        -1152     - 875         - 838           - 675      - 723       - 250   - 268         +  50       +  54         + 150    + 161
  5      -1175        -1259     - 925         - 991           - 775      - 831       - 300   - 322         -  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

                                                    PART -II
                                              (DOMESTIC IRANSACTION)
                                               Dated; May 05,2014
                                                  2013-2014 CROP
Bales       Station                  Rate                            Bales          Station            Rate
1000        Rahim yar Khan           6600                             400           Sadiqabad          6600
4000        Khan Pur                 6650                            1000           Khan Pur           6600

                                                             PART - III
                                                             (EXPORTS)
Registration:-                                                           Shipments:-
PERIOD - (MY 2013-14)                       CROP              BALES      PERIOD- (MY 2013-14)           CROP           Bales
01-08-13 to  15-04-14                     2011 - 2012            500 
01-08-13 to  15-04-14                     2012 - 2013         51,580      01-08-13 to  15-04-14         2012-13       58,370
01-08-13 to  15-04-14                     2013 - 2014        575,403      01-08-13 to  15-04-14         2013-14      405,318
                                            Total:-          627,483                                    Total;-      463,688
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 Feb.,2014                                170,998          Aug,to Feb.,2014             9,122,823
Maech,2014                                        36,897          March,2014                   1,325,882
                                                 207,895                           
                                                                                   Total:-    10,448,705
Source: Pakistan Bureau of Statistics                             Source: Textile Commissioner's Organization

                          (ARRIVAL CROP 2013-14)                                (COMPOSITE EXCHANGE RATES)
                        As on May 01, 2014(Final)                                   Date; May 05, 2014
                                In Bales
                        Punjab            Sindh        Pakistan
Total Arrivals         9,631,362        3,760,132     13,391,694        Country       Selling        Buying          Sight
Sales to TCP                   -                -             -
"to Exporters            123,826          275,556        399,382          USA          98.70          98.50          98.34
"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 15.04.2014
                                                         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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