December 31, 2013 / 12:27 PM / 4 years ago

TABLE-Karachi Cotton Association prices - Dec 31

Karachi, PAKISTAN, Dec 31 (Reuters) - The Karachi Cotton Association on
Tuesday fixed the official spot rate
or base price, for Grade 3 cotton at 7,448 rupees per maund (40 kg).
    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 6,350 to
7,300 rupees per maund.   
  Following are the grade and staple margins for December 16 to 31:       
 GRADE                     STAPLE LENGTH
 
         31/32"    1"       1-1/32"  1-1/16"  1-3/32"  1-1/8"
                                                       
 Super   -322      -241     -188     +161     +322     +455
 1       -402      -322     -241     +107     +241     +375
 2       -482      -375     -295     +54      +161     +295
 3       -563      -455     -348     BASE     +107     +214
 4       -670      -563     -455     -107     0        +107
 5       -777      -670     -563     -214     -107     n/a
 
 (Compiled by the Karachi newsroom)

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