Markets Weekahead
Too good to last much longer
The markets have run up too fast too soon to sustain without a healthy correction. In the near term, global markets cues, FII activities and rupee movement remain the key, writes Ambareesh Baliga. Full Article
Reuters Showcase
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Karachi Cotton Association prices - Nov 25
KARACHI, Nov 25 (Reuters) - The Karachi Cotton Association on Wednesday fixed the official spot rate, or base price, for Grade 3 cotton at 4,421 rupees per maund (40 kg).
The Grade 3 cotton has a staple length of 1-1/16" (inches) and micronaire value between 3.8 to 4.9 NCL (no control limits) which represents fine to coarse classes of cotton varieties.
In the kerb market the key crop varieties traded in the range of 4.100 4,250 rupee per maund.
Following are the grade and staple margins for the period Nov 2 to 30. ------------------------------------------------------------ GRADE STAPLELENGTH ------------------------------------------------------------
31/32" 1" 1-1/32" 1-1/16" 1-3/32" 1-1/8" ------------------------------------------------------------ Super +64 +143 +223 +303 +383 +462 1 -32 +48 +128 +207 +287 +367 2 -135 -56 +24 +104 +183 +263 3 -239 -159 -80 BASE +80 +159 4 -351 -271 -191 -112 -32 +48 5 -462 -383 -303 -223 -143 -64 ------------------------------------------------------------ ((Karachi newsroom; tel: +92-21 3568 5192; fax: +92-21 3567 3428))
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters