Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 10-03-2014

Karachi, March 10, 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.
                                                                            10.03.2014         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)
GRADE                                       STAPLE
               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 10, 2014
                                                         2013-2014CR0P

Bales      Station            Rate              Bales    Station          Rate
200        karor Pacca        6800              400      Kabir wala       7000 (Condition)
400        BWP                7000 (Condition)

                                                PART - III
                                                 (EXPORTS)
Registration:-                                                          Shipments:-
PERIOD - (MY 2013-14)                       CROP             BALES      PERIOD- (MY 2013-14)         CROP           Bales
01-08-13 to 28-02-14                    2011 - 2012            500
01-08-13 to 28-02-14                    2012 - 2013         51,580      01-08-13 to 28-02-14        2012-13        58,370
01-08-13 to 28-02-14                    2013 - 2014        494,749      01-08-13 to 28-02-14        2013-14       280,917
                                            Total:-        546,829                                 Total:-        339,287
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 March 01, 2014                                                       Date: March 10, 2014
                                    In Bales
                          Punjab           Sindh         Pakistan          Country      Selling    Buying    Sight
Total Arrivals           9,575,135        3,753,532     13,328,667
Sales to TCP                -                -             -
"to Exporters              102,838          260,556        363,394          USA         102.40     102.20   101.99
"to Mills                8,806,608        3,159,691     11,966,299
Unsold Stocks as on 01-03-2014                             998,974         Source:  National Bank of Pakistan
Source: PCGA

                                          SUMMARY OF COTTON ARRIVAL IN 2013-14 AND 2012-13 AS ON 01.03.2014
                                                       2013-14                                      2013-14
                                            PUNJAB         SINDH           TOTAL             PUNJAB         SINDH           TOTAL
Total Arrival:                             9,575,135       3,753,532     13,328,667         9,375,849      3,387,808     12,763,657
Difference in bales
%                                              +2.13          +11.80          +4.43
Flow during this fortnight                    81,473           5,037         86,510
Sales to TCP                                 -             -             -
Sales to Exporters                           102,838         260,556        363,394           166,096        143,178        309,274
Sales to Mills                             8,806,608       3,159,691     11,966,299         8,342,069      2,948,167     11,290,236
Unsold stocks                                                               998,974                                       1,164,147

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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