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Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 08-12-2014

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by December 8, 2014 General

Karachi, December 08 2014 (PPI-OT):

                                                       CROP 213-214
                                                         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.
                                                                            06,12.2014          Ex.Karachi
37.324 kg                   4,650            150            4,800              4,800              NIL

Equivalent
40 kgs                      4,983            160            5,143              5,143              NIL

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.

                                                        GRADE AND STAPLE MARGINS
                                          (for the period from December 01, 2014 to December 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  -  150         - 161         -100         107            +50        54         + 200     214      + 400      429        + 500       536
  1     - 200         - 214         -150        -161            -50      - 54         + 150     161      + 350      375        + 450       482
  2      -250         - 268         -200        -214            -100     - 107        + 100     107      + 300      322        + 400       429
  3      -300         - 322         -250        -268            -200     - 214        -     BASE         + 250      268        + 350       375
  4      -700         - 750         -6750       -697            -600      -643        - 400    -429      - 150     -161          -50       -54
  5      -800          -857         -750        -804            -700      -750          500    -536        250     -268         -150      -161

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; December 08,2014
                                                          2014-2015 C R O P
Bales              Station                   Rate               Bales            Station                    Rate
1000               Khair Pur                 4650                400             Shadan Lund                4750
1000               Chichawatni               4500                400             Khanewal                   4750
1200               Burewala                  4500                400             Basti Malook               4775
200                Bakhar                    4550               1000             Ahmedpur                   4800
400                Bahawal Nagar             4600               1000             Sadiqabad                  4800
400                Chistian                  4600               1000             Liaquat Pur                4800
1800               Haroonabad            4600 / 4725            1200             Rahim Yar Khan          4800/4900
1000               Layyah                    4750               1000              Mian Wali                 4900
800                Ali Pur                   4750

                                                              PART - III
                                                              (EXPORTS)
Registration:-                                                     Shipments:-
PERIOD - (MY 2014-15)              CROP                BALES          PERIOD- (MY 2014-15)           CROP          Bales
01-08-14 to 30-11-14            2013 - 2014           10,073
01-08-14 to 30-11-14            2014 - 2015          363,845         01-08-14 to 30-11-14          2013-14         5,354

                                                                     01-08-14 to 30-11-14          2014-15       290,651
                                       Total;-       373,918                                        Total;-      296,005
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 2014-15)                               Qty. in MT                 Month                          Bales
Aug,to Sept.,2014                                                         Aug,to July,2014(p)              15,702,309
October,2014                                           16,132             Non Listed Mill consumption          17,647
                                                        7,813
                                                       23,945                                  Total:-     15,719,956

Source: Pakistan Bureau of Statistics                             Source: Textile Commissioner's Organization

(ARRIVAL CROP 2014-15)                                                     (COMPOSITE EXCHANGE RATES)
As on December 01, 2014                                                      Date; December 08,2014
                                   In Bales
                        Punjab              Sindh          Pakistan
Total Arrivals          8,498,129           3,647,576      10,145,705       Country    selling       Buying     Sight
Sales to TCP                -                   -               -
"to Exporters              43,120             269,710         312,830          USA      101.20       101.00     101.79
"to Mills               6,763,644           2,612,046       9,375,690
Unsold Stocks as on  01-12-2014                             2,444,785         Source:  National Bank of Pakistan
Source: PCGA

                                          SUMMARY OF COTTON ARRIVAL IN 2014-15 AND 2013-14 AS ON 01.12.2014
                                                         2014-15                                    2013-14
                                         PUNJAB        SINDH            TOTAL          PUNJAB         SINDH          TOTAL
Total Arrival:                          8,498,129      3,647,576      12,145,705     7,565,861      3,479,480       11,045,341
Difference in bales                       932,268        168,096       1,100,364
%                                          12.32           4.83            9.96
Flow during this fortnight              1,512,916        194,716       1,707,632
Sales to TCP                                 -              -               -
Sales to Exporters                         43,120        269,710         312,830         69,950          204,424        274,374
Sales to Mills                          6,763,644      2,612,046       9,375,690      6,154,885        2,574,251      8,729,136
Unsold stocks                                                          2,444,785                                      2,041,831

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 08-12-2014 appeared first on AsiaNet-Pakistan.

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