Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 28-04-2014

Karachi, April 28, 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.
                                                                             26.04.2014         Ex.Karachi
37.324 kg                   6,400            155           6,555                 6,555             -NIL
Equivalent
40 kgs                      6,859            155           7,014                 7,014             -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 01, 2014 to April 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    -  675        - 723     - 475         - 509           - 275      - 295     + 150 + 161         + 350       + 375          + 475    + 509
    1      -  725        - 777     - 525         - 563           - 325      - 348     + 100 + 107         + 275       + 295          + 400    + 429
    2      -  775        - 831     - 575         - 616           - 375      - 402     +  50 +  54         + 200       + 214          + 325    + 348
    3      -  825        - 884     - 625         - 670           - 425      - 455        BASE             + 150       + 161          + 250    + 268
    4      -  975        -1045     - 775         - 831           - 575      - 616     - 150 - 161         + 50        +  54          + 150    + 161
    5      - 1075       - 1152     - 825         - 884           - 675      - 723     - 200 - 214         - 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

                                                             PART -II
                                                        DOMESTIC IRANSACTION)
                                                         Dated: April 28, 2014
                                                            2013-2014 CROP
Bales      Station                   Rate                               Bales      Station               Rate
 400       Khair Pur                 5800                                1000      Rahim Yar Khan        6500
2000       Sadiqabad            6300/6500

                                                             PART - III
                                                             (EXPORTS)
Registration:-                                                          Shipments:-
PERIOD - (MY 2013-14)                       CROP              BALES      PERIOD- (MY 2013-14)           CROP           Bales
01-08-13 to  15-04-14                     2011 - 2012            500
01-08-13 to  15-04-14                     2012 - 2013         51,580      01-08-13 to  15-04-14         2012-13       58,370
01-08-13 to  15-04-14                     2013 - 2014        575,403      01-08-13 to  15-04-14         2013-14      405,318
                                            Total:-          627,483                                    Total:-      463,688
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 Jan.,2014                                 123,693          Aug,to Feb.,2014             9,122,823
Febuary,2014                                       47,305          March,2014                   1,325,882
                                                  170,998
                                                                                   Total:-        10,448,705
Source: Pakistan Bureau of Statistics                             Source: Textile Commissioner's Organization

         (ARRIVAL CROP 2013-14)                                                 (COMPOSITE EXCHANGE RATES)
         As on April 15, 2014                                                      Date: April 28, 2014
               In Bales
                           Punjab           Sindh        Pakistan
Total Arrivals           9,630,656        3,760,132     13,390,788        Country       Selling        Buying          Sight
Sales to TCP                   -                -             -
"to Exporters              120,198          273,556        393,754          USA          97.90         97.70           97.54
"to Mills                9,138,195        3,298,023     12,436,218
Unsold Stocks as on 15-04-2014                             560,816       Source:  National Bank of Pakistan
Source: PCGA

                                        SUMMARY OF COTTON ARRIVAL IN 2013-14 AND 2012-13 AS ON 15.04.2014
                                                         2013-14                                  2012-13

                                          PUNJAB        SINDH           TOTAL          PUNJAB         SINDH           TOTAL
Total Arrival:                           9,630,656    3,760,132       13,390,788      Data was not collected last year as on 15-04-2013
Difference in bales
%
Flow during this fortnight                   4,953            0            4,953
Sales to TCP                                 -             -               -
Sales to Exporters                         120,198      273,556          393,754
Sales to Mills                           9,138,195    3,298,023       12,436,218
Unsold stocks                                                            560,816

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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