October 14, 2016 / 12:13 PM / 9 months ago

TABLE - Karachi Cotton Association Prices

2 Min Read

KARACHI, Pakistan, Oct 14 (Reuters) - The Karachi Cotton
Association on Friday fixed the official spot rate, or base
price, for Grade 3 cotton at 6,403 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 5,800 to 6,250 rupees per maund.                  
   The following are the grade and staple margins for Oct 1 to
Oct 31:       
 GRADE   31/32"  1"      1-1/32"  1-1/16"  1-3/32"  1-1/8"
                                                    
 Super   n/a     n/a     n/a      n/a      n/a      n/a
 1       n/a     n/a     54       214      268      n/a
 2       n/a     n/a     0        134      268      348
 3       n/a     n/a     -107     BASE     134      214
 4       n/a     n/a     -214     -107     -107     n/a
 5       n/a     n/a     n/a      n/a      n/a      n/a
 
 (Reporting by Syed Raza Hassan)

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