May 14, 2014 / 1:07 PM / 3 years ago

TABLE-Karachi Cotton Association prices - May 14

KARACHI, May 14 (Reuters) - The Karachi Cotton Association on Wednesday
fixed the official spot rate
or base price for Grade 3 cotton at 7,180 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 5,900 to
6,900 rupees per maund.     
         31/32"    1"       1-1/32"  1-1/16"  1-3/32"  1-1/8"
                                                       
 Super   -723      -509     -295     +161     +375     +509
 1       -777      -563     -348     +107     +295     +429
 2       -831      -616     -402     +54      +214     +348
 3       -884      -670     -455     BASE     +161     +268
 4       -1152     -938     -723     -268     +54      +161
 5       -1259     -991     -831     -322     -54      +54
 
 (Compiled by the Karachi newsroom)

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