May 30, 2012 / 12:57 PM / 5 years ago

TABLE-Karachi Cotton Association prices - May 30

KARACHI, May 30 (Reuters) - The Karachi Cotton Association on Wednesday
fixed the official spot rate, or base price, for Grade 3 cotton at 6,002 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 5,400 to
5,650 rupees per maund.   	
  Following are the grade and staple margins for the period May 15 to 31:       	
 GRADE                     STAPLE LENGTH
 
         31/32"    1"       1-1/32"  1-1/16"  1-3/32"  1-1/8"
                                                       
 Super   n/a       +107     +214     +429     +750     +857
 1       -107      0        +107     +322     +643     +750
 2       n/a       -214     0        +214     +536     +643
 3       -429      -322     -214     BASE     +322     +429
 4       -1125     -1018    -911     -697     -482     n/a
 n/a     -1286     -1179    -1072    -857     n/a      n/a
 	
 (Compiled by the Karachi newsroom)

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