Karachi Cotton Association Prices
KARACHI, Nov 13 (Reuters) -The Karachi Cotton Association on Wednesdayannounced the official spot rate, or base price, for Grade 3 cotton at 19,076rupees 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 variates traded between 17,800 rupees and 18,200 rupees
The following are the grade and staple margins for November 1 to November 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 | 214 | 643 | 1072 | n/a |
2 | n/a | n/a | 0 | 429 | 857 | n/a |
3 | n/a | -750 | -429 | BASE | 429 | n/a |
4 | n/a | -965 | -643 | -214 | n/a | n/a |
5 | n/a | -1179 | -857 | -429 | n/a | n/a |
Reporting by Islamabad bureau
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