Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 09-12-2013

Karachi, December 09, 2013 (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.
                                                                             07.12.2013         Ex.Karachi
37.324 kg
                           6,450             155             6,605             6,605               Nil
Equivalent40 kgs
                           6,912             155             7,067             7,067               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 December 02, 2013 to December 14, 2013)
GRADE                                                STAPLE
             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   -300     -322     -225     -241     -175     -188     +150      +161     +300     +322    +425     +455
1       -375     -402     -300     -322     -225     -241     +100      +107     +225     +241    +350     +375
2       -450     -482     -350     -375     -275     -295      +50      +54      +150     +161    +275     +295
3       -525     -563     -425     -455     -325     -348          BASE          +100     +107    +200     +214
4       -625     -670     -525     -563     -425     -455     -100      -107        0        0    +100     +107
5       -725     -777     -625     -670     -525     -563     -200      -214     -100    '-107       0        0

– 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: December 09, 2013
                                        2013 - 2014 CROP 
Bales      Station                    Rate               Bales      Station                    Rate
1000       Khair Pur (BCI)            6400                600       Rahim Yar Khan             6600
600        Upper Sindh (BCI)          6450               1000       Bago Bahar                 6700
400        Mailsi                     6350               1000       Khan Pur                   6700
600        Bahawal nagar              6450                400       Bakhar                     6750
600        Faqir wali                 6450                600       Mian Wali                  6750
1000       Bhawal Pur              6450/6500

                                                      PART - III
                                                      (EXPORTS)
Registration:-                                               Shipments:-
ERIOD - (MY 2013-14)             CROP            BALES       PERIOD- (MY 2013-14)         CROP          Bales
01-08-13 to 23-10-13         2011 - 2012            500
01-08-13 to 23-10-13         2012 - 2013         49,920      01-08-13 to 23-10-13       2012-13        55,852
01-08-13 to 23-10-13         2013 - 2014        186,970      01-08-13 to 23-10-13       2013-14        89,202
                                  Total:-       237,390                                   Total;-     145,054
Source: Trade Development Authority of Pakistan              Source: Trade Development Authority of Pakistan

        PART -IV                                                                      PART - V
       (IMPORTS)                                                          (Mills Consumption of Raw Cotton)
                                                                                Cotton Season 2012-2013
PERIOD - (MY 2013-14)                          Qty. in MT               Month                         Bales
August, 2013                                      9,076            Aug, to July, 2013               12,881,436
September, 2013                                   8,733            Non Listed Mill Consumption       1,958,982
                                                                                Total:-             14,840,418
Source: Pakistan Bureau of Statistics                               Source: Textile Commissioner's Organization

(ARRIVAL CROP 2013-14)                                                      (COMPOSITE EXCHANGE RATES)
As on December 01, 2013                                                       Date; December 09, 2013
                                   In Bales
                       Punjab           Sindh       Pakistan           Country    Selling   Buying    Sight
Total Arrivals        7,565,861       3,479,480   11,045,341
Sales to TCP                 -            -            -
"to Exporters            69,950         204,424      274,374           USA         108.30   108.10   107.88
"to Mills             6,154,885       2,574,251    8,729,136
Unsold Stocks as on 01-12-2013                     2,041,831           Source:  National Bank of Pakistan
Source: PCGA
                                 SUMMARY OF COTTON ARRIVAL IN 2013-14 AND 2012-13 AS ON 01.12.2013
                                                2013-14                                     2012-13
                                   PUNJAB        SINDH        TOTAL            PUNJAB        SINDH          TOTAL
Total Arrival:                   7,565,861     3,479,480   11,045,341        6,605,379      2,977,181     9,582,560
Difference in bales
%                                   +14.54        +16.87       +15.27
Flow during this fortnight       1,361,527       165,684    1,527,211
Sales to TCP                         -              -           -
Sales to Exporters                  69,950       204,424      274,374           33,300        126,440       159,740
Sales to Mills                   6,154,885     2,574,251    8,729,136        5,395,499      2,254,874     7,650,373
Unsold stocks                                               2,041,831                                     1,772,447

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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