Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 20-04-2015

Karachi, April 20, 2015 (PPI-OT):

                                                    CROP 2014 - 2015
                                                         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.
                                                                                18.04.2015           Ex.Karachi
37.324 kg                    5,300            150             5,450
Equivalent                                                                         5,450                NIL
40 kgs                       5,680            160             5,840                5,840                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 April 16, 2015 to April 30, 2015)
                                                                   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    - 400        -429        - 300         -322            - 100        -107    + 300       322           + 450         482           + 550      589
1        - 450        -482        - 350         -375            - 200        -214    + 250       268           + 400         429           + 500      536
2        - 500        -536        - 400         -429            - 250        -268    + 200       214           + 350         375           + 450      482
3        - 900        -965        - 700         -750            - 500        -536          BASE                + 200         214           + 300      322
4       - 1300       -1393       - 1100        -1179            - 900        -965    - 400      -429           - 200        -214           - 100     -107
5       - 1400       -1500       - 1200        -1286           - 1000       -1072    - 500      -536           - 300        -322           - 200     -214

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:

                                                            PART -II
                                                     (DOMESTIC TRANSACTION)
                                                     Dated; April 20, 2015
                                                          2014-2015 CROP

Bales     Station                     Rate         Bales     Station                     Rate
400       Moro                        5500          540      Rohri                       4300
227       Kandairo                    5500         1000      BWP                         5000

                                                              PART - III

                                                              (EXPORTS)
Registration:-                                                          Shipments:-
PERIOD - (MY 2014-15)              CROP                BALES            PERIOD- (MY 2014-15)            CROP             Bales
01-08-14 to 07-04-15            2013 - 2014            10,073           01-08-14 to 07-04-15          2013-14            10,170
01-08-14 to 07-04-15            2014 - 2015           578,310           01-08-14 to 07-04-15          2014-15           493,852
                                   Total:-            588,383                                           Total;-         504,022
Source: Trade Development Authority of Pakistan

                         PART -IV                                          PART - V
                         (IMPORTS)                               (Mills Consumption of Raw Cotton)
                                                                   Cotton Season 2014-2015

PERIOD - (MY 2014-15)           Qty. in MT            Month                         Bales
Aug., to Jan., 2015               61,362              Aug.,14 to Jan.,2015        8,003,964
February, 2015                    17,540              February, 2015              1,318,471
                                  78,902              Total:-                     9,322,435

Source: Pakistan Bureau of Statistics

                      (ARRIVAL CROP 2014-15)                                         (COMPOSITE EXCHANGE RATES)
                       As on April 15, 2015                                            Date; April 20, 2015
                                         In Bales
                               Punjab             Sindh              Pakistan         Country     Selling    Buying       Sight
Total Arrivals               10,889,463         3,974,500           14,863,963
Sales to TCP                     59,200            35,700               94,900
" to Exporters                   78,218           396,256              475,174         USA        101.50     101.30       101.09
" to Mills                   10,542,435         3,410,628           13,953,063
Unsold Stocks as on 15-04-2015                                         340,826
Source: National Bank of Pakistan
Source: PCGA

                                          SUMMARY OF COTTON ARRIVAL IN 2014-15 AND 2013-14 AS ON 15.04.2015

                                                            2014-15                                              2013-14
                                           PUNJAB            SINDH                TOTAL          PUNJAB           SINDH                TOTAL
Total Arrival:                          10,889,463        3,974,500            14,863,963       9,630,656       3,760,132            13,390,788
Difference in bales                      1,258,808          214,368             1,473,175
%                                           13.07             5.70                 11.00
Flow during this fortnight                  25,358            0                    25,358
Sales to TCP                                59,200          35,700                 94,900
Sales to Exporters                          78,218         396,956                475,174         120,198         273,556               393,754
Sales to Mills                          10,542,435        3,410,628            13,953,063       9,138,195       3,298,023            12,436,218
Unsold stocks                                                                                     340,826          60,816

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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