COTTON MARKETE REPORT UPDATES & CONTRACTS

COTTON SERVICE CORPORATION 

(COMISSION AGENTS)

  DATE:  SEP 29, 2012

DAILY COTTON MARKET REPORT

^{(ANY ERROR AND OMISSION IN THIS REPORT IS NOT OUR RESPONSIBILIT)}­­

K.C.A Official Spot Rate for Local Dealings in Pak Rupees                     SEP 28, 2012
FOR BASE GRADE 3 (THREE) STAPLE LENGTH 1-1/16 MICRO NAIRE VALUE BETWEEN 3.8 to 4.9 NCL
Rate For	Ex-Gin Price	Up-country Expenses	Spot Rate Ex-Karachi
37.32 kgs	5,200	155	5,355
40 kgs	5,573	155	5,728

I  M  P  O  R  T  S			SH I P M E N T  S
PERIOD – (MY 2010-11 )		Qty. in  MT	PERIOD (2011-12)	CROP	QTY. in B/S
Aug to JUNE, 2012		159,638	AUG TO JUNE	2012	249,196
JULY, 2012		35,333	JULY 2012	2012	1,068
Source: Federal Bureau of Statistics	Total	194,971	Source: Trade Development Authority of Pakistan	Total	2,50,264

28/9/12
HOLIDAY REMINDER
China Cotton Market Will Be Closed Due To
Mid-Autumn Festival & National Day Golden Week holiday in China So Market Close 30 SEP TO 07 OCT.

COTTON MARKETE UPDATES:

Lnit prices lost nearly Rs 400 per maund (37.32 Kgs) this week in the ready market following increased arrivals, improving quality, fall in values of New York cotton futures and abundant crop prospects and carryovers in most parts of the world. With the monsoon season approaching its tail-end in Pakistan and scope of better quality and increased arrivals during the coming weeks, bearish sentiment appeared to overtake the cotton market.
A persistent rise in phutti arrivals, pushed prices further down on the cotton market on Thursday,Official spot rate continued fall, dropping more Rs 150 to Rs 5,250,In the ready business, over 17000 bales of cotton changed hands between Rs 5100-5400,
Seasonal and speculative selling in cotton accelerated on Wednesday, sending futures contracts below 71 cents per pound for the first time since the start of August. Falling for a fifth straight session, New York-traded cotton for December delivery settled down 1.31 cent, or 1.8 percent, at 71.02 cents per lb on ICE Futures US, its lowest level since August 3. Prices briefly dipped as low as 70.98 cents —

Exporters showed slight interest in fresh buying of cotton as quality improved after monsoon rains in the country,the cotton market on Monday. Official spot rate shed Rs 50 to Rs 5,500,In the ready business, over 9000 bales of cotton changed hands between Rs 5400-5650,Prices of seedcotton in Sindh and the Punjab depicted a rise of Rs 100 to Rs 1700-2400,
India's cotton harvest is likely to fall this year after two successive record crops, but only marginally after late rains helped ease the impact of a slow start to the annual monsoon. A survey of 10 traders pegged the average output for the year starting October 1 at 34 million 170-kg bales, down by 3.7 percent from a record 35.3 million bales last year.

Volume of business improved on the cotton market on Tuesday as a result of fresh buying exporters, mills and spinners.Official spot rate was unchanged at Rs 5,500, they said. In the ready business, over 14000 bales of cotton changed hands between Rs 5000-5565,Prices of seedcotton of low types in Sindh and the Punjab were higher by Rs 100 to Rs 1800 and best type was at Rs 2400,
US cotton fell for a third straight session on Monday hitting five-week lows as investors continued to sell after the market's recent brush above 77 cents. New York-traded cotton for December delivery settled down 0.75 cent, or 1.02 percent, at 72.5 cents per lb on ICE Futures US It fell to 72.43 cents late in the session, its lowest level since August 16.

Cotton Cotracts:

READY COTTON TRANSACTION IN PAKISTAN (Crop 2012-13)          SEP 28, 2012
Seller		Station	B/S	Rate	Buyer
PUNJAB
AL HAMD	MIANWALI		200	5200	BABERI
FRIENDS / AHMED	BAKHAR		400	5200	FAZAL CLOTH /  TANVEER SPINNING
HABIB/ASAD	MIANCHANNU		400	5200	MULTAN SPINNING/ SAFAIRE
MUKHTAR	KHANEWAL		200	5200	MULTAN SPINNING
MAKKAH	CHICHAWATNI		200	5200	AKRO
FAZAL	BAKHAR		200	5100	MAHMOOD
NISHAT	KHANEWAL		200	5250	GHAZI
RANA M KHAN	MAINCHANNU		200	5125	KARAM KARIM
AL QADIR	QABOOLA		200	5200	ADEEL
AL WAHAB	CHICHAWATNI		200	5100	STANDRED
ARSHAD	HAROONABAD		200	5300	HUSSAIN
A REHMAN	RYK		200	5200	NAGINA
MADINA	VEHARI		200	5050	NISHAT CHUNNIA
SABA	KABIRWALA		200	5250	ZULEKAHN
SINDH
AL BASIT	SHAHDADPUR		1000	5000	SAFAIRE
AL SHAHBAZ	MORO		200	5225	PREMIUM
AL RAHEEM	SHAHDADPUR		200	5175	FAISAL MAHBOOB
DATA PEER/ AL REHMAN	SHAHDADPUR		600	5200	FAISAL MAHBOOB /  HASSAN LATIF
QURESHI	M P KAHS		400	5200	SAFAIRE
REHMU UMER	MAHRABPUR		200	5325	NAGINA
BORERA	ROHRI		200	5300	NAGINA
DADA	TANDO ADAM		200	5100	NISHAT CHUNNIA
MURSHAD LAL	M P KHAS		200	5200	AL KARAM
SITARA	SHAHDADPUR		200	5200	PAK KOIT
SAWAIRA	SHAHDADPUR		200	5250	AKRAM