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Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 06-01-2014

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by January 7, 2014 General

Karachi, January 06, 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.
04.01.2014         Ex.Karachi
37.324 kg                 7,000             155           7,155                7,155              NIL
Equivalent 
40 kgs                    7,502             155           7,657                7,657              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 January 01, 2014 to January 15, 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 – 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: January 06, 2014
2013 - 2014 CROP
Bales       Station           Rate                 Bales     Station        Rate
200         Sahiwal           6700                  200    Bahawal Pur      7100
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 2013-2014
PERIOD - (MY 2013-14)                       Qty. in MT          Month                        Bales
Aug.,to Oct.,2013                             27,145          Aug,to Sept.,2013           1,970,353
November, 2013                                 9,618
36,763          October,  2013                987,294
Total:-         2,957,647
Source: Pakistan Bureau of Statistics                             Source: Textile Commissioner's Organization
(ARRIVAL CROP 2013-14)                                                     (COMPOSITE EXCHANGE RATES)
As on January 01, 2014                                                       Date; January 06, 2014
In Bales
Punjab           Sindh         Pakistan          Country     Selling   Buying   Sight
Total Arrivals           8,999,443       3,671,459     12,670,902
Sales to TCP                -                -             -
"to Exporters               90,828         238,262        329,090          USA         105.20    105.00   104 .78
"to Mills                7,743,306       2,875,091     10,618,397
Unsold Stocks as on 01-01-2014                          1,723,415           Source:  National Bank of Pakistan
Source: PCGA
SUMMARY OF COTTON ARRIVAL IN 2013 - 14 AND 2012 - 13 AS ON 01.01.2014
2013 - 14                            2012 - 13
PUNJAB            SINDH                   TOTAL            PUNJAB          SINDH             TOTAL
Total Arrival:                                 8,999,443        3,671,459              12,670,902         8,351,797        3,234,933        11,586,730
Difference in bales
%                                                 + 7.75          + 13.49                  + 9.36
Flow during this fortnight                       363,557           57,396                 420,953
Sales to TCP                                           -                -                       -
Sales to Exporters                                90,828          238,262                 329,090            51,219          135,646           186,865
Sales to Mills                                 7,743,306        2,875,091              10,618,397         7,146,887        2,588,919         9,735,806
Unsold stocks                                                                           1,723,415                                            1,664,059

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 06-01-2014 appeared first on AsiaNet-Pakistan.

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