Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 12-05-2014

Karachi, May 12, 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.
10.05.2014 Ex.Karachi
37.324 kg 6 ,700 155 6,855 6,855 NIL
Equivalent
40 kgs 7 ,180 155 7,335 7,335 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 12, 2014
2013-2014 CROP
Bales Station Rate Bales Station Rate
400 Rajan Pur 6800 2000 Dera Ghazi Khan 6850

PART – III
(EXPORTS)
Registration:- Shipments:-
PERIOD – (MY 2013-14) CROP BALES PERIOD- (MY 2013-14) CROP Bales
01-08-13 to 07-05-14 2011 – 2012 500
01-08-13 to 07-05-14 2012 – 2013 51,580 01-08-13 to 07-05-14 2012-13 58,370
01-08-13 to 07-05-14 2013 – 2014 600,563 01-08-13 to 07-05-14 2013-14 452,930
Total;- 652,643 Total;- 511,300
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
March,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 12, 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
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

The post Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 12-05-2014 appeared first on Business News Pakistan.

The post Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 12-05-2014 appeared first on AsiaNet-Pakistan.

Leave a Reply