Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 23-02-2015

Karachi, February 23, 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.
                                                                                21.02.2015           Ex.Karachi
37.324 kg                      4,950           150               5,100
Equivalent                                                                         5,100                NIL
40 kgs                         5,305           160               5,465             5,465                NIL

Valid for the day established by the Rates Committee at 12:00 Noon.

                                                             GRADE AND STAPLE MARGINS
                                           (for the period from February 16, 2015 to February 28, 2015)
                                                                         S  T  A  P  L  E
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               - 350        -375       - 250         -268            -  50          - 54     + 250       268       + 400           429           + 500      536
  1                 - 400        -429       - 300         -322            - 150          -161     + 200       214       + 350           375           + 450      482
  2                 - 450        -482       - 350         -375            - 200          -214     + 150       161       + 300           322           + 400      429
  3                 - 600        -643       - 500         -536            - 400          -429          BASE             + 200           214           + 300      322
  4                 - 1000       -1072      - 900         -965            - 800          -857        - 400   -429       - 200          -214          - 100      -107
  5                 - 1100       -1179      - 1000        -1072           - 900          -965        - 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.

                                                            PART -II
                                                     (DOMESTIC TRANSACTION)
                                                     Dated; February 23, 2015
                                                          2014-2015 CROP
Bales             Station                    Rate               Bales          Station                       Rate
 200              Shahdad Pur                4475                600           Multan                     4900 / 4950
 200              Kandiyro                   4500                400           Faqir wali                 4900 / 4950
 400              Rohri                      4925                800           Chichawatni                   4950
 400              Ghotki                     5000               1000           Liaquat Pur                4950 / 5000
 200              Kabbir wala                4800                600           Sahiwal                       5050
 200              Khanewal                   4800               1000           Mian wali                     5050
1000              Fort Abbas              4875 / 4900           2100           Chani Goth                    5100
 400              Vehari                  4900 / 4950

                                                              PART - III
                                                              (EXPORTS)
Registration:-                                                          Shipments:-
PERIOD - (MY 2014-15)              CROP                BALES       PERIOD- (MY 2014-15)            CROP             Bales
01-08-14 to 15-02-15               2013 - 2014        10,073       01-08-14 to 15-02-15            2013-14          5,354
01-08-14 to 15-02-15               2014 - 2015       551,313       01-08-14 to 15-02-15            2014-15        427,465
                                   Total:-           561,386                                       Total;-        432,819
Authority of Pakistan                                            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 Nov., 2014                 39,486            Aug., to Oct.,2014        4,035,929
December, 2014                       8,462            November, 2014            1,332,141
                                    47,948            Total:-                   5,368,070

Source: Pakistan Bureau of Statistics                             Source: Textile Commissioner's Organization

(ARRIVAL CROP 2014-15)                                                               (COMPOSITE EXCHANGE RATES)
As on February 15, 2015                                                                Date; February 23, 2015
                                         In Bales
                               Punjab                  Sindh              Pakistan         Country     Selling    Buying       Sight
Total Arrivals              10,639,320              3,954,576           14,593,896
Sales to TCP                    59,200                 35,700               94,900
" to Exporters                  71,881                391,281              463,162           USA        101.40    101.20       100.99
" to Mills                   9,737,373              3,200,650           12,938,023
Unsold Stocks as on 15-02-2015                                           1,097,811              Source: National Bank of Pakistan
Source: PCGA

                                          SUMMARY OF COTTON ARRIVAL IN 2014-15 AND 2013-14 AS ON 15.02.2015
                                                            2014-15                                             2013-14
                                           PUNJAB            SINDH                TOTAL          PUNJAB           SINDH                TOTAL
Total Arrival:                           10,639,320        3,954,576            14,593,896      9,493,662       3,748,495            13,242,157
Difference in bales                       1,145,658          206,081             1,351,739
%                                             12.07             5.50                 10.21
Flow during this fortnight                  139,223           19,471               158,694
Sales to TCP                                 59,200           35,700                94,900
Sales to Exporters                           71,881          391,281               463,162         98,842         254,527               353,369
Sales to Mills                            9,737,373        3,200,650            12,938,023      8,644,456       3,118,037            11,762,493
Unsold stocks                                                                    1,097,811                                            1,126,295

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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