Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 25-11-2013

Karachi, November 25, 2013 (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.
                                                                             23.11.2013         Ex.Karachi
37.324 kg
                           6,350             155             6,505              6,555               -50
Equivalent40 kgs
                           6,805             155             6,960              7,014               -54
                                 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 November 19, 2013 to November 30, 2013)
                                                                        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  - 300       - 322       - 225        - 241     - 175      - 188     + 150      +161       + 300       + 322        + 425      + 455
1      - 375       - 402       - 300        - 322     - 225      - 241      +100      +107       + 225       + 241        + 350      + 375
2      - 450       - 482       - 350        - 375     - 275      - 295      +50        +54       + 150       + 161        + 275      + 295
3      - 525       - 563       - 425        - 455     - 325      - 348        BASE               + 100       + 107        + 200      + 214
4      - 625       - 670       - 525        - 563     - 425      - 455     -100      - 107           0           0        + 100      + 107
5      - 725       - 777       - 625        - 670     - 525      - 563     -200      - 214       - 100      '- 107            0          0

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: November 25, 2013
                                                     2013 - 2014 CROP 
Bales        Station                  Rate                        Bales         Station                                         Rate
1000        Khair Pur              6300 / 6400                     1000       Haroonabad                                     6350 / 6400
2000        khair pur(BCI)         6450 / 6500                     200        Daran Wala                                        6400
600         Upper Sindh            6300 / 6400                     200        Bakhar                                            6400
2000        Upper Sindh (BCI)      6450 / 6500                     400        Shujabad                                       6400 / 6450
200         Chistian                  6300                         1000       Ali Pur                                        6500 / 6550
 
                                                          PART - III
                                                          (EXPORTS)
Registration:-                                                               Shipments:-
PERIOD - (MY 2013-14)                       CROP                 BALES       PERIOD- (MY 2013-14)               CROP             Bales
01-08-13 to 23-10-13                    2011 - 2012                 500
01-08-13 to 23-10-13                    2012 - 2013              49,920      01-08-13 to 23-10-13              2012-13           55,852
01-08-13 to 23-10-13                    2013 - 2014             186,970      01-08-13 to 23-10-13              2013-14           89,202
                                             Total:-            237,390                                               Total;-   145,054
Source: Trade Development Authority of Pakistan                              Source: Trade Development Authority of Pakistan

        PART -IV                                                                      PART - V
       (IMPORTS)                                                          (Mills Consumption of Raw Cotton)
                                                                                Cotton Season 2012-2013
PERIOD - (MY 2013-14)                          Qty. in MT           Month                             Bales
August, 2013                                      9,076            Aug, to July, 2013               12,881,436
September, 2013                                   8,733            Non Listed Mill Consumption       1,958,982
                                                                                Total:-             14,840,418
Source: Pakistan Bureau of Statistics                               Source: Textile Commissioner's Organization

(ARRIVAL CROP 2013-14)                                                     (COMPOSITE EXCHANGE RATES)
As on November 15, 2013                                                       Date; November 25, 2013
                                   In Bales
                       Punjab       Sindh       Pakistan             Country    Selling   Buying   Sight
Total Arrivals         6,204,334    3,313,796    9,518,130
Sales to TCP                 -            -            -
"to Exporters             50,270      186,450      236,720           USA         107.45   107.25   107.03
"to Mills              4,896,437    2,409,688    7,306,125
Unsold Stocks as on 15-11-2013                   1,975,285           Source:  National Bank of Pakistan
Source: PCGA
                                         SUMMARY OF COTTON ARRIVAL IN 2013-14 AND 2012-13 AS ON 15.11.2013
                                                                   2013-14                                        2012-13
                                                        PUNJAB       SINDH          TOTAL           PUNJAB         SINDH             TOTAL
Total Arrival:                                          6,204,334     3,313,796     9,518,130        5,723,266       2,795,809        8,519,075
Difference in bales
%                                                           +8.41        +18.53        +11.73
Flow during this fortnight                              1,625,700       286,167     1,911,867
Sales to TCP                                                -             -             -
Sales to Exporters                                         50,270       186,450       236,720           20,688         122,040          142,728
Sales to Mills                                          4,896,437     2,409,688     7,306,125        4,600,611       2,059,052        6,659,663
Unsold stocks                                                                       1,975,285                                         1,716,684

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

The post Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 25-11-2013 appeared first on AsiaNet-Pakistan.

Leave a Reply