Karachi Cotton Association prices - Nov 20
KARACHI, Nov 20 (Reuters) - The Karachi Cotton Association on Friday fixed the official spot rate, or base price, for Grade 3 cotton at 4,394 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 4.050 4,200 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 ------------------------------------------------------------
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