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TABLE - Karachi Cotton Association Prices
March 16, 2017 / 1:01 PM / in 9 months

TABLE - Karachi Cotton Association Prices

    KARACHI, Pakistan, March 16 (Reuters) - The Karachi Cotton
Association on Thursday fixed the official spot rate, or base
price, for Grade 3 cotton at 7,234 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 7,000 rupees per maund.                  
   The following are the grade and staple margins for March 1 to
March 31, 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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