April 25, 2017 / 12:46 PM / 3 months ago

TABLE - Karachi Cotton Association Prices

2 Min Read

    KARACHI, Pakistan, April 25 (Reuters) - The Karachi Cotton
Association on Tuesday fixed the official spot rate, or base
price, for Grade 3 cotton at 7,180 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 6,400 to 7,000 rupees per maund.                  
   The following are the grade and staple margins for April 1 to
April 30, 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     107      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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