April 3, 2015 / 11:28 AM / 2 years ago

TABLE-Karachi Cotton Association prices - April 3

KARACHI, April 3 (Reuters) - The Karachi Cotton Association on Friday fixed
the official spot rate,
or base price, for Grade 3 cotton at 5,573 rupees per maund (40 kg).
    Grade 3 cotton has a staple length of 1-1/16" and micronaire value between
3.8 and 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 4,200 to
5,300 rupees per maund.       
    Following are the grade and staple margins for March 15 to April 15:        
         31/32"    1"       1-1/32"  1-1/16"  1-3/32"  1-1/8"
                                                       
 Super   -375      -268     -54      +268     +429     +536
 1       -429      -322     -161     +214     +375     +482
 2       -482      -375     -214     +161     +322     +429
 3       -857      -643     -429     BASE     +214     +322
 4       -1286     -1072    -857     -429     -214     -107
 5       -1393     -1179    -965     -536     -322     -214
 
 (Compiled by the Karachi newsroom)

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