Karachi Cotton Association prices - May 30
KARACHI, May 30 (Reuters) - The Karachi Cotton Association on Saturday fixed the official spot rate, or base price, for Grade 3 cotton at 3,858 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.
Following are the grade and staple margins for the period May 2 to 31. ------------------------------------------------------------ GRADE STAPLELENGTH ------------------------------------------------------------
31/32" 1" 1-1/32" 1-1/16" 1-3/32" 1-1/8" ------------------------------------------------------------ Super 57 +129 +201 +273 +345 +417 1 -29 +43 +115 +187 +259 +331 2 -122 -50 +22 +93 +165 +237 3 -216 -144 -72 BASE +72 +144 4 -316 -244 -172 -101 -29 +43 5 -417 -345 -273 -201 -129 -57 ---------------------------------------------------------------
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