Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 13-03-2014

Karachi, March 13, 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.
                                                                            12.03.2014         Ex.Karachi
37.324 kg                  6,750           155              6,905                7,005            -100
Equivalent  40 kgs         7,234           155              7,389                7,496            -107

                                  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: March 13, 2014
                                                         2013-2014CR0P

Bales      Station            Rate            Bales    Station          Rate
800        Fort Abbas         6700

                                                        PART - III
                                                         (EXPORTS)
Registration:-                                                          Shipments:-
PERIOD - (MY 2013-14)                       CROP             BALES      PERIOD- (MY 2013-14)         CROP           Bales
01-08-13 to 07-03-14                    2011 - 2012            500
01-08-13 to 07-03-14                    2012 - 2013         51,580      01-08-13 to 07-03-14        2012-13        58,370
01-08-13 to 07-03-14                    2013 - 2014        512,103      01-08-13 to 07-03-14        2013-14       296,589
                                            Total:-        564,183                                  Total:-       354,959
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 Dec.,2013                                61,054          Aug,to Nov.,2013            3,945,882
January,2014                                     62,639
                                                123,693          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 March 01, 2014                                                       Date; March 13, 2014
                                    In Bales
                          Punjab           Sindh         Pakistan          Country      Selling    Buying    Sight
Total Arrivals           9,575,135        3,753,532     13,328,667
Sales to TCP                -                -             -
"to Exporters              102,838          260,556        363,394          USA         98.00       97.80    97.60
"to Mills                8,806,608        3,159,691     11,966,299
Unsold Stocks as on 01-03-2014                             998,974         Source:  National Bank of Pakistan
Source: PCGA

                                 SUMMARY OF COTTON ARRIVAL IN 2013-14 AND 2012-13 AS ON 01.03.2014
                                                       2013-14                                      2013-14
                                            PUNJAB          SINDH         TOTAL            PUNJAB         SINDH          TOTAL
Total Arrival:                             9,575,135       3,753,532    13,328,667        9,375,849      3,387,808      12,763,657
Difference in bales
%                                              +2.13          +11.80         +4.43
Flow during this fortnight                    81,473           5,037        86,510
Sales to TCP                                 -             -               -
Sales to Exporters                           102,838         260,556       363,394          166,096        143,178         309,274
Sales to Mills                             8,806,608       3,159,691    11,966,299        8,342,069      2,948,167      11,290,236
Unsold stocks                                                              998,974                                       1,164,147

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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