Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 07-07-2014

Karachi, July 07, 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.
                                                                            05.07.2014         Ex.Karachi
37.324 kg                   6,300            155           6,455                6,505             -50
Equivalent
40 kgs                      6,752            155           6,907                6,960             -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.

                                                          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

                                                           PART -II
                                                     (DOMESTIC TRANSACTION)
                                                      Dated; July 07, 2014
                                                      2014 - 2015 NEW CROP

Bales         Station                         Rate                   Bales         Station                     Rate
400           TandoMobammadKhan          6275/6300                    1200         Mir Pur Khas           6300/6400
600           kotri                      6275/6350                     400         Hyderabad              6300/6350
1400          Sanghar                    6275/6350                    1000         Tando Adam             6300/6350
200           Khipro                          6250                     200         Burewala                    6550
600           Shahdad Pur                6300/6350

                                                             PART - III
                                                            (EXPORTS)
Registration:-                                                          Shipments:-
PERIOD - (MY 2013-14)                       CROP              BALES      PERIOD- (MY 2013-14)           CROP           Bales
01-08-13 to 07-06-14                      2011 - 2012           500
01-08-13 to 07-06-14                      2012 - 2013        51,580      01-08-13 to 07-06-14          2012-13        58,370
01-08-13 to 07-06-14                      2013 - 2014       617,555      01-08-13 to 07-06-14          2013-14       467,857
                                               Total;-      669,635                                     Total;-      526,227
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 April.,2014                                   227,535          Aug,to Feb.,2014            9,122,823
May,2014                                               10,919          March,2014                  1,325,882
                                                      238,454
                                                                                      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; July 07, 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       98.50      98.30      98.10
"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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