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))
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