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TABLE-Karachi Cotton Association prices - Jan 16
KARACHI, Jan 16 (Reuters) - The Karachi Cotton Association on Monday
fixed the official spot rate
or base price, for Grade 3 cotton at 5,894 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 4,500 to
5,600 rupees per maund.
Following are the grade and staple margins for the period Jan 16 to 31:
GRADE STAPLE LENGTH
31/32" 1" 1-1/32" 1-1/16" 1-3/32" 1-1/8"
Super n/a +107 +214 +429 +536 +643
1 -107 0 +107 +322 +429 +536
2 n/a -214 0 +214 +322 +429
3 -429 -322 -214 BASE +214 +322
4 -1018 -911 -804 -589 -375 n/a
n/a -1179 -1072 -965 -750 n/a n/a
(Compiled by Karachi Newsroom)
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