Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 15-09-2014

Karachi, September 15, 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.
                                                                            13.09.2014         Ex.Karachi
37.324 kg                   5,650            150           5,800                5,800           NIL
Equivalent
40 kgs                      6,055            160           6,215                6,215           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.

                                                         GRADE AND STAPLE MARGINS
                                      (for the period from September 01, 2014 to September 15, 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
                                         4.0                              0.5                       4.0

                                                           PART -II
                                                     (DOMESTIC TRANSACTION)
                                                    Dated: September 15, 2014
                                                        2014-2015-CROP
Bales          Station              Rate             Bales         Station              Rate
2200           Sanghar           5725/5775             200         Toba Teksingh        5750
1000           Hyderabad         5750/5800             200         Goira                5750
1800           Mir Pur Khas      5700/5775             200         Hasil Pur            5750
2000           TandoAdam         5750/5800             400         Bakhar               5750
2000           Shahdad Pur       5750/5800             200         Multan               5775
 200           Mongi Bangla           5725             200         Mian Chano           5830
 600           Vehari            5725/5775             200         Khanewal             5850
 600           Haroonabad        5725/5760

                                                              PART - III
                                                               (EXPORTS)
Registration:-                                                     Shipments:-
PERIOD - (MY 2013-14)            CROP               BALES          PERIOD- (MY 2013-14)           CROP           Bales
01-08-13 to 31-07-14            2011 - 2012           500
01-08-13 to 31-07-14            2012 - 2013        51,580          01-08-13 to 31-07-14          2012-13        58,370
01-08-13 to 31-07-14            2013 - 2014       624,215
                                2014 - 2015        12,843          01-08-13 to 31-07-14          2013-14       479,768
                                       Total;-    689,138                                        Total;-       538,138
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 June.,2014                                      254,304          Aug,to June,2014           14,408,191
July,2014                                                 6,335          July, 2014(P)               1,294,118
                                                        260,639
                                                                                         Total:-    15,702,309
Source: Pakistan Bureau of Statistics                             Source: Textile Commissioner's Organization

(ARRIVAL CROP 2014-15)                                                     (COMPOSITE EXCHANGE RATES)
As on September 01, 2014                                                     Date; September 15,2014
                                        In Bales
                        Punjab           Sindh        Pakistan
Total Arrivals         810,316          951,966       1,762,282           Country   selling     Buying      Sight
Sales to TCP               -                -             -
"to Exporters                            56,875          56,875             USA      102.40      102.20     101.99
"to Mills              728,387          795,467       1,523,854
Unsold Stocks as on 01-09-2014                          181,553           Source:  National Bank of Pakistan
Source: PCGA

                                       SUMMARY OF COTTON ARRIVAL IN 2014-15 AND 2013-14 AS ON 01.09.2014
                                                         2013-14                                     2012-13
                                          PUNJAB         SINDH            TOTAL       PUNJAB       SINDH       TOTAL
Total Arrival:                           810,316        951,966          1,762,282    644,357    1,081,496    1,725,853
Difference in bales
%                                          25.76         -11.98               2.11
Flow during this fortnight               810,316        951,966          1,762,282
Sales to TCP                                 -             -                -
Sales to Exporters                           -           56,875             56,875      5,400       64,254       69,654
Sales to Mills                           728,387        795,467          1,523,854    550,810      884,959    1,435,769
Unsold stocks                                                              181,553                              220,430

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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