Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 22-09-2014

Karachi, September 22, 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.
                                                                            20.09.2014         Ex.Karachi

37.324 kg                   5,450            150           5,600                5,650            -50
Equivalent
40 kgs                      5,841            160           6,100                6,054            -53

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 16, 2014 to September 30, 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 22, 2014
                                                       2014-2015-CROP
Bales          Station                     Rate           Bales          Station                Rate
2000           Shahdad Pur              5400/5450           200          Pak Pattan             5500
2400           Sanghar                  5400/5450           400          Mar0ot                 5500
1800           Mir Pur Khas             5400/5450           200          Chistian               5500
2000           Tando Adam               5400/5450           400          Bahawal Nagar          5500
2000           Nawab Shah               5475/5500          1000          Haroonabad        5500/5550
1000           Khair Pur                5500/5550           400          Shaher Sultan          5525
1600           Burewala                 5500/5550           200          Bakhar                 5550
 400           Gaggo Mandi                   5500           200          Khanewal               5600
 800           Chichawatni                   5500

                                                              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 22,2014
                                        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     102.70      102.50     102.29
"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        796,467        2,523,854     550,810      884,659    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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