Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 11-04-2014

Karachi, April 11, 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.
                                                                            10.04.2014         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:

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.

                                                         PART - II
                                                    (DOMESTIC TRANSACTION)
                                                        Dated: April 11, 2014
                                                         2013 - 2014 CROP
Bales              Station                  Rate             Bales          Station             Rate
1200               Ghotki                   5600             200            Depal Pur           6500
 200               Khanewal(Low QualIly)    5400             200            Gojra               6550
 600               Chichawatni              6150             200            Rahim Yar Khan      6550
 300               Duniya Pur               6500             200            Chichawatni         6575
 200               Khanewal                 6500             200            Mian Chano          6600

                                                         PART - III
                                                          (EXPORTS)
Registration:-                                                          Shipments:-
PERIOD - (MY 2013-14)                       CROP             BALES      PERIOD- (MY 2013-14)           CROP           Bales
01-08-13 to  07-04-14                     2011 - 2012            500
01-08-13 to  07-04-14                     2012 - 2013         51,580      01-08-13 to  07-04-14         2012-13       58,370
01-08-13 to  07-04-14                     2013 - 2014        562,868      01-08-13 to  07-04-14         2013-14      393,785
                                            Total:-          614,948                                    Total:-      452,155
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 Jan.,2014                                 123,693          Aug,to Nov.,2013           3,945,882
Febuary, 2014                                      47,305
                                                  170,998           December,2013             1,000,000
                                                                                Total:-       4,945,882
Source: Pakistan Bureau of Statistics                             Source: Textile Commissioner's Organization

         (ARRIVAL CROP 2013-14)                                                 (COMPOSITE EXCHANGE RATES)
         As on April 01, 2014                                                      Date: April 11, 2014
               In Bales
                         Punjab           Sindh         Pakistan
Total Arrivals           9,625,703        3,760,132     13,385,835        Country       Selling        Buying          Sight
Sales to TCP                   -                -             -
"to Exporters              111,250          270,756        382,006           USA         97.10         96.90           97.70
"to Mills                9,051,063        3,256,203     12,307,266
Unsold Stocks as on 01-04-2014                             696,563       Source:  National Bank of Pakistan
Source: PCGA

                                        SUMMARY OF COTTON ARRIVAL IN 2013-14 AND 2012-13 AS ON 01.04.2014
                                                       2013-14                                  2012-13

                                          PUNJAB        SINDH           TOTAL          PUNJAB         SINDH           TOTAL
Total Arrival:                           9,625,703    3,760,132       13,385,835       9,484,261    3,403,767      12,888,028
Difference in bale
%                                           + 1.49      + 10.47           + 3.86
Flow during this fortnight                  11,408        4,800           16,208
Sales to TCP                                 -             -               -
Sales to Exporters                         111,250      270,756          382,006         200,225      143,378         343,603
Sales to Mills                           9,051,063    3,256,203       12,307,266       8,786,649    3,064,585      11,851,234
Unsold stocks                                                            696,563                                      693,191

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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