July 16, 2012 / 12:17 PM / 5 years ago

TABLE-Karachi Cotton Association prices - July 16

KARACHI, July 16 (Reuters) - The Karachi Cotton Association on Monday fixed
the official spot rate, or base price, for Grade 3 cotton at 6,537 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 6,200 to
6,350 rupees per maund.   
  Following are the grade and staple margins for the period July 16 to 31:      
 GRADE                     STAPLE LENGTH
 
         31/32"    1"       1-1/32"  1-1/16"  1-3/32"  1-1/8"
                                                       
 Super   n/a       n/a      n/a      +322     +643     +750
 1       n/a       n/a      n/a      +214     +536     +643
 2       n/a       -214     0        +107     +429     +536
 3       -429      -322     -214     BASE     +214     +322
 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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