Karachi Cotton Association prices - April 12

KARACHI, April 12 (Rteuters) - The Karachi Cotton
Association on Saturday fixed the official spot rate, or base
price, for Grade 3 cotton at 3,537 rupees per maund (40 kg).

The Grade 3 cotton has a staple length of 1-1/32" (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 3,375 to 3,550 rupee per maund.

Following are the grade and staple margins for the period
April 1 to 15.
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GRADE STAPLE
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31/32" 1" 1-1/32" 1-1/16" 1-3/32" 1-1/8"
Super NQ +238 +324 +416 +504 +591
1 NQ +132 +225 +308 +396 +490
2 NQ +24 +110 +205 +288 +376
3 NQ -54 BASE +54 +107 +161
4 -299 -207 -120 -28 +62 +146
5 -396 -327 -242 -148 -80 -1.67
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