February 22, 2017 / 1:24 PM / 5 months ago

TABLE - Karachi Cotton Association Prices

2 Min Read

    KARACHI, Pakistan, Feb 22 (Reuters) - The Karachi Cotton
Association on Wednesday fixed the official spot rate, or base
price, for Grade 3 cotton at 7,127 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 6,850 to 6,900 rupees per maund.                  
   The following are the grade and staple margins for Feb 1 to
Feb 28, 2017:       
 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     167      268      402      n/a
 2       n/a     n/a     54       188      295      375
 3       n/a     -322    -214     BASE     188      268
 4       n/a     -857    -750     -536     -107     n/a
 5       n/a     -1179   -1072    -857     n/a      n/a
 
 (Reporting by Syed Raza Hassan)
  

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