Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 03-03-2014

Karachi, March 03, 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.
01.03.2014 Ex.Karachi
37.324 kg 6,850 155 7,005 7,005 -NIL
Equivalent 40 kgs 7,341 155 7,496 7,496 -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 March 01, 2014 to March 15, 2014)
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 – 500 – 536 – 425 – 455 – 350 – 375 + 150 + 161 + 350 + 375 + 475 + 509
1 – 575 – 616 – 500 – 536 – 400 – 429 + 100 + 107 + 275 + 295 + 400 + 429
2 – 650 – 697 – 550 – 589 – 450 – 482 + 50 + 54 + 200 + 214 + 325 + 348
3 – 725 – 777 – 625 – 670 – 525 – 563 BASE + 150 + 161 + 250 + 268
4 – 875 – 938 – 775 – 831 – 675 – 723 – 150 – 161 + 50 + 54 + 150 + 161
5 – 975 – 1045 – 875 – 938 – 775 – 831 – 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 TRANSACTION)
Dated: March 03, 2014

N/A
PART – III
(EXPORTS)
Registration:- Shipments:-
PERIOD – (MY 2013-14) CROP BALES PERIOD- (MY 2013-14) CROP Bales
01-08-13 to 15-02-14 2011 – 2012 500
01-08-13 to 15-02-14 2012 – 2013 51,580 01-08-13 to 15-02-14 2012-13 58,370
01-08-13 to 15-02-14 2013 – 2014 475,992 01-08-13 to 15-02-14 2013-14 266,691
Total:- 528,072 Total:- 325,061
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 Dec.,2013 61,054 Aug,to Nov.,2013 3,945,882
January,2014 62,639
123,693 December,2013 1,000,000
Total:- 4,945,882
Source: Pakistan Bureau of Statistics Source: Textile Commissioner’s Organization

(ARRIVAL CROP 2013-14) (COMPOSITE EXCHANGE RATES)
As on Fabruary 15, 2014 Date: March 03, 2014
In Bales
Punjab Sindh Pakistan Country Selling Buying Sight
Total Arrivals 9,493,662 3,748,495 13,242,157
Sales to TCP – – -
“to Exporters 98,842 254,527 353,369 USA 104.90 104.70 104.48
“to Mills 8,644,456 3,118,037 11,762,493
Unsold Stocks as on 15-02-2014 1,126,295 Source: National Bank of Pakistan
Source: PCGA

SUMMARY OF COTTON ARRIVAL IN 2013-14 AND 2012-13 AS ON 15.02.2014
2013-14
PUNJAB SINDH TOTAL PUNJAB SINDH TOTAL
Total Arrival: 9,493,662 3,748,495 13,242,157 9,257,340 3,375,989 12,633,329
Difference in bales
% +2.55 +11.03 +4.82
Flow during this fortnight 131,477 10,268 141,745
Sales to TCP – – -
Sales to Exporters 98,842 254,527 353,369 133,040 142,978 276,018
Sales to Mills 8,644,456 3,118,037 11,762,493 8,177,312 2,893,375 11,070,687
Unsold stocks 1,126,295 1,286,624

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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