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Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 05-08-2014

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by August 5, 2014 General

Karachi, August 05, 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.
                                                                            04.08.2014         Ex.Karachi
37.324 kg                   5,300            150           5,450                5,400            +50
Equivalent
40 kgs                      5,680            160           5,840                5,786            +54

Valid for the day established by the Rates Committee at 12:00 Noon. Grade and Staple Margins are notified below:

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; August 05, 2014
                                                         2014-2015-CROP

Bales                      Station                Rate              Bales          Station             Rate
1000                       Sanghar             5300/5400              200          Pak Pattan          5500
1000                       Mir Pur Khas        5300/5400              400          Kasso Wali          5500
1000                       Shahdad Pur         5350/5400              400          Chichawatni         5500
 600                       Tando Adam          5350/5400              600          Arif Wala           5500
 600                       Kotri               5350/5400             1000          Burewala            5500
 600                       Hyderebad           5350/5400              400          Khanewal            5550

                                                               PART - III
                                                               (EXPORTS)
Registration:-                                                          Shipments:-
PERIOD - (MY 2013-14)                       CROP              BALES      PERIOD- (MY 2013-14)           CROP           Bales
01-08-13 to 30-06-14                      2011 - 2012           500
01-08-13 to 30-06-14                      2012 - 2013        51,580      01-08-13 to 30-06-14          2012-13        58,370
01-08-13 to 30-06-14                      2013 - 2014       618,875      01-08-13 to 30-06-14          2013-14       479,768
                                               Total;-      670,955                                     Total;-      538,138
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 May.,2014                                      238,454          Aug,to March.,2014         10,448,705
June,2014                                               15,850          April,2014                  1,327,058
                                                       254,304
                                                                                      Total:-     11,775,763
Source: Pakistan Bureau of Statistics                             Source: Textile Commissioner's Organization

(ARRIVAL CROP 2013-14)                                                     (COMPOSITE EXCHANGE RATES)
As on May 01, 2014(Final)                                                      Date; August 05,2014
                                        In Bales
                        Punjab           Sindh        Pakistan
Total Arrivals         9,631,362        3,760,332     13,391,694           Country   selling     Buying      Sight
Sales to TCP               -                -             -
"to Exporters            123,826          275,556        399,382             USA       98.60      98.40      98.20
"to Mills              9,230,582        3,353,914     12,584,496
Unsold Stocks as on 01-05-2014                           407,816       Source:  National Bank of Pakistan
Source: PCGA

                                       SUMMARY OF COTTON ARRIVAL IN 2013-14 AND 2012-13 AS ON 01.05.2014 (Final)
                                                         2013-14                                     2012-13
                                          PUNJAB         SINDH           TOTAL           PUNJAB        SINDH       TOTAL
Total Arrival:                           9,631,362     3,760,332       13,391,694      9,508,418    3,407,167    12,915,585
Difference in bales
%                                             1.29         10.37             3.69
Flow during this fortnight                     706           200              906
Sales to TCP                                    -             -                -
Sales to Exporters                         123,826       275,556          399,382        207,967      145,378       353,345
Sales to Mills                           9,230,582     3,353,914       12,584,496      9,051,051    3,111,270    12,162,321
Unsold stocks                                                             407,816                                   399,919

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 05-08-2014 appeared first on Business News Pakistan.

The post Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 05-08-2014 appeared first on AsiaNet-Pakistan.

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