Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 18-03-2014

Karachi, March 18, 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.
                                                                            17.03.2014         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:

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 18, 2014
                                         2013 - 2014 CROP
Bales      Station                Rate              Bales    Station                        Rate
400        Rahim Yar khan         6500              200      Khanewal                       6700
200        Faqir Wali             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        512,113      01-08-13 to 07-03-14        2013-14        296,589
                                            Total:-        564,193                                  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 15, 2014                                            Date; March 18, 2014
                                   In Bales
                         Punjab            Sindh         Pakistan
Total Arrivals           9,614,295         3,755,332     13,369,627        Country       Selling        Buying       Sight
Sales to TCP                   -                -             -
"to Exporters              106,517           263,156        369,673           USA         99.00         98.80        98.60
"to Mills                8,941,222         3,207,412     12,148,634
Unsold Stocks as on 15-03-2014                              851,320        Source: National Bank of Pakistan
Source: PCGA

                                        SUMMARY OF COTTON ARRIVAL IN 2013-14 AND 2012-13 AS ON 15.03.2014
                                                       2013-14                                  2012-13
                                          PUNJAB        SINDH          TOTAL           PUNJAB         SINDH           TOTAL
Total Arrival:                           9,614,295     3,755,332      13,369,627       9,445,703     3,399,367      12,845,070
Difference in bale
%                                           + 1.78       + 10.47          + 4.08
Flow during this fortnight                  39,160         1,800          40,960
Sales to TCP                                 -             -              -
Sales to Exporters                         106,517       263,156         369,673         185,753       143,178         328,931
Sales to Mills                           8,941,222     3,207,412      12,148,634       8,609,207       308,826      11,618,033
Unsold stocks                                                            851,320                                       898,106

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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