Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 28-10-2013

Karachi, October 28, 2013 (PPI-OT):

                                                                     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.
                                                                             30.09.2013         Ex. Karachi
37.324 kg
                           6,750            155             6,905              6,955             -50
Equivalent
40 kgs                     7,234            155             7,389              7,443             -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 October 01, 2013 to October 31, 2013)

GRADE                                                STAPLE LENGTH
                  31/32"           1"                     1-1/32"                    1-1/16"                   1-3/32"                     1-1/8"
            37.32kg   40kg      37.32kg   40kg      37.32kg   40kg             37.32kg   40kg             37.32kg   40kg             37.32kg   40kg
Super           N/A    N/A          N/A    N/A          N/A    N/A                 N/A    N/A                N/A    N/A                 N/A    N/A
1               N/A    N/A          N/A    N/A          N/A    N/A                +100   +107                +175   +188                +225   +241
2               N/A    N/A          N/A    N/A         -25    -27                  +50   +54                 +135   +145                +185   +198
3               N/A    N/A          N/A    N/A         -75    -80                    BASE                    +75    +80                 +125   +134
4               N/A    N/A          N/A    N/A         -125   -134                -50    -54                 N/A     N/A                 N/A    N/A
5               N/A    N/A          N/A    N/A          N/A    N/A                N/A    N/A                 N/A     N/A                 N/A    N/A

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

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 n          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


The Grade and Staple Margins Chart and the percentage allowances for Micronaire below and in excess of the given limits will be published in the DMR of the Association every Monday or on Tuesday, if Monday happens to be a closed holiday.

                                                       PART - II
                                                (DOMESTIC TRANSACTION)
                                                  Dated: October 28, 2013
                                                     2013 - 2014 CROP 
Bales     Station                Rate                 Bales    Station               Rate
1000       NWS                6675 / 6700              600    BahawalPur             6800
2000    Khair Pur (BCl)          6800                  1200   Ahmed pur              6800
800     Khair Pur (BCI)       6725 / 6750              400    Layyah                 6825
2000    Upper Sindh(BCI)         6800                  600    Bahawal nagar          6825
800     Vehari                6750 / 6800              1600   Faqir wali             6825
600     Yazman Mandi             6750                  400    Khichi Wali            6825
1000    Lodhran               6775 / 6850              400    Chistian               6825
400     patoki                   6775                  600    Fort Abbas             6850
600     Hash Pur                 6785                  400    Sadiqabad              6850
400     Khanewal                 6800                  400    Rahim yar Khan         6850
400     Multan                   6800                  1000   Sadiqabad              6900
400     Chichawatni              6800                  1400   Rahim yar Khan         6900
600     Burewala                 6800                  1000   Rajan Pur           6950 / 7000
400     Mamo kanjan              6800                  1000   Mian wali           6950 / 7000
2800    Haroonabad           6800 / 6850               1000   Fazil Pur           6950 / 7000
400     Tonsa Sharif             6800
                                                          PART - III
                                                           (EXPORTS)
Registration:-                                                               Shipments:-
PERIOD - (MY 2013-14)                       CROP                 BALES       PERIOD- (MY 2013-14)               CROP             Bales
01-08-13 to 15-10-13                    2011 - 2012                            500
01-08-13 to 15-10-13                    2012 - 2013              49,920      01-08-13 to 15-10-13              2012-13           55,852
01-08-13 to 15-10-13                    2013 - 2014             173,100      01-08-13 to 15-10-13              2013-14           78,053
                                             Total:-            223,520                                               Total;-   133,905
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 2012-13)                        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
                                                              Figure Revised
Source: Federal Bureau of Statistics                          Source: Textile Commissioner's Organization

(ARRIVAL CROP 2012-13)                                                               (COMPOSITE EXCHANGE RATES)
As on September 15, 2013                                                              Date; October 28, 2013
                                   In Bales
                     Punjab                     Sindh              Pakistan           Country    Selling   Buying     Sight
Total Arrivals       1,493,505                 2,190,784           3,684,289
Sales to TCP            -                         -                   -
"to Exporters         12,000                     123,600             135,600           USA       106.20    106.00     105.78
"to Mills           1,245,171                  1,715,635           2,960,806
Unsold Stocks as on 15-09-2013                                       587,883           Source:  National Bank of Pakistan
Source: PCGA
                                         SUMMARY OF COTTON ARRIVAL IN 2013-14 AND 2012-13 AS ON 01.10.2013
                                                                   2013-14                                        2012-13
                                                       PUNJAB       SINDH          TOTAL           PUNJAB         SINDH             TOTAL
Total Arrival:                                      1,493,505     2,190,784       3,684,289        1,826,069       1,621,094        3,447,163
Difference in bales
% 
Flow during this fortnight                             -18.21        +35,14            6,88
Sales to TCP                                          -               -               -
Sales to Exporters                                     12,000       123,600         135,600            1,000          35,740           36,740
Sales to Mills                                      1,245,171     1,715,635       2,960,806        1,530,094       1,274,755        2,804,849
Unsold stocks                                                                       587,883                                           605,574

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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