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TABLE - Karachi Cotton Association Prices
November 29, 2017 / 1:02 PM / 19 days ago

TABLE - Karachi Cotton Association Prices

    KARACHI, Pakistan, Nov 29 (Reuters) - The Karachi Cotton
Association on Wednesday fixed the official spot rate, or base
price, for Grade 3 cotton at 7,073 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 7,000 to 6,400 rupees per maund.                       
         
   The following are the grade and staple margins for Nov 16 to
Nov 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     322     0        322      536      750
 2       n/a     -482    -161     161      375      589
 3       n/a     -643    -322     BASE     214      429
 4       n/a     -804    -482     -161     54       268
 5       n/a     -965    -643     -322     -107     107
 
 (Reporting by Syed Raza Hassan)
  

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