Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 21-10-2013

Karachi, October 21, 2013 (PPI-OT):

                                                                     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.
                                                                             30.09.2013         Ex. Karachi
37.324 kg
                           6,900            155             7,055              7,055             NIL
Equivalent
40 kgs                     7,395            155             7,550              7,550             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 October 01, 2013 to October 31, 2013)
GRADE                                                STAPLE LENGTH
                  31/32"           1"                     1-1/32"                    1-1/16"                   1-3/32"                     1-1/8"
            37.32kg   40kg      37.32kg   40kg      37.32kg   40kg             37.32kg   40kg             37.32kg   40kg             37.32kg   40kg
Super           N/A    N/A          N/A    N/A          N/A    N/A                 N/A    N/A                N/A    N/A                 N/A    N/A
1               N/A    N/A          N/A    N/A          N/A    N/A                +100   +107                +175   +188                +225   +241
2               N/A    N/A          N/A    N/A         -25     -27                 +50   +54                 +135   +145                +185   +198
3               N/A    N/A          N/A    N/A         -75     -80                    BASE                   +75    +80                 +125   +134
4               N/A    N/A          N/A    N/A         -125   -134                 -50   -54                 N/A     N/A                 N/A    N/A
5               N/A    N/A          N/A    N/A          N/A    N/A                N/A    N/A                 N/A     N/A                 N/A    N/A

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

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 n          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

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: October 21, 2013
                                                     2013 - 2014 CROP 
Bales     Station              Rate             Bales    Station               Rate
400     Mir Pur Khas          5900              6000     Bahawal Nagar      6990 / 7000
600     TandoAdam             6625              2000     Khanewal           6975 / 7000
200     Kazi Ahmed            6900              1000     Madrasa               7000
1000    Khair Fur         6975 / 7000            400     Khichi wala           7000
400     Khair Pur(BCI)        7050               800     Fort Abbas            7000
1000    Upper Sindh       6975 / 7000            400     Tonsa Sharif          7000
800     Upper Sindh(BCI)      7050               600     Yazman Mandi          7000
1000    Garmaraja         6950 / 6975           2400     Bahawat Pur           7000
1000    sahiwal           6950 / 7000           2200     Ahmed pur             7000
2000    Durewala          6950 / 7000           2200     Noor Pur              7000
1000    Chichawatn~       6975 / 7000           4000     Haroonabad        7100 / 7050
1000    Mian chano        6975 / 7000           2400     Fazil Pur             7050
1000    Gojra             6975 / 7000           6000     Rajan Pur             7050
400     Lodhran               7000              3000     Mien wali             7050
2000    Murid wala            7000
                                                          PART - III
                                                           (EXPORTS)
Registration:-                                                               Shipments:-
PERIOD - (MY 2013-14)                       CROP                 BALES       PERIOD- (MY 2013-14)               CROP             Bales
01-08-12 to 23-09-13                    2012 - 2013              49,920      01-08-12 to 15-09-13              2012-13           55,852
01-08-12 to 23-09-13                    2013 - 2014             162,036      01-08-12 to 15-09-13              2012-13           74,733
                                             Total:-            211,956                                               Total;-   130,585
Source: Trade Development Authority of Pakistan                              Source: Trade Development Authority of Pakistan

        PART -IV                                                                              PART - V
       (IMPORTS)                                                                 (Mills Consumption of Raw Cotton)
                                                                                      Cotton Season 2012-2013
PERIOD - (MY 2012-13)                        Qty. in MT           Month                           Bales
                                                                Aug, to July, 2013               12,881,436
August, 2013                                      9,076         Non Listed Mill Consumption       1,958,982

                             Total:-          417,825                        Total:-             14,840,418
                                                              Figure Revised
Source: Federal Bureau of Statistics                          Source: Textile Commissioner's Organization

(ARRIVAL CROP 2012-13)                                                               (COMPOSITE EXCHANGE RATES)
As on September 15, 2013                                                              Date; October 21, 2013
                                   In Bales
                     Punjab                     Sindh              Pakistan           Country    Selling   Buying     Sight
Total Arrivals       931,612                   1,493,505           3,684,289
Sales to TCP            -                         -                   -
"to Exporters         12,000                     123,600             135,600           USA       106.30    106.10     106.88
"to Mills           1,245,171                  1,715,635           2,960,806
Unsold Stocks as on 15-09-2013                                       587,883           Source:  National Bank of Pakistan
Source: PCGA
                                         SUMMARY OF COTTON ARRIVAL IN 2013-14 AND 2012-13 AS ON 01.10.2013
                                                                   2013-14                                        2012-13
                                                       PUNJAB       SINDH          TOTAL           PUNJAB         SINDH             TOTAL
Total Arrival:                                      1,493,505     2,190,784       3,684,289        1,826,069       1,621,094        3,447,163
Difference in bales
% 
Flow during this fortnight                             -18.21        +35,14            6,88
Sales to TCP                                          -               -               -
Sales to Exporters                                     12,000       123,600         135,600            1,000          35,740           36,740
Sales to Mills                                      1,245,171     1,715,635       2,960,806        1,530,094       1,274,755        2,804,849
Unsold stocks                                                                       587,883                                           605,574

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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