Karachi Cotton Association prices – June 21

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KARACHI, June 21 (Reuters) – The Karachi Cotton Association on Thursday fixed the official spot rate, or base price, for Grade 3 cotton at 6,430 rupees per maund (40 kg).

The Grade 3 cotton has a staple length of 1-1/16″ (inches) and micronaire value between 3.8 to 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 5,800 to 6,500 rupees per maund.

Following are the grade and staple margins for the period June 15 to 30:

GRADE                     STAPLE LENGTH

         31/32"    1"       1-1/32"  1-1/16"  1-3/32"  1-1/8"

 Super   n/a       +107     +214     +429     +750     +857
 1       -107      0        +107     +322     +643     +750
 2       n/a       -214     0        +214     +536     +643
 3       -429      -322     -214     BASE     +322     +429
 4       -1125     -1018    -911     -697     -482     n/a
 n/a     -1286     -1179    -1072    -857     n/a      n/a

 (Compiled by the Karachi newsroom)

Source: http://in.reuters.com/article/2012/06/21/markets-pakistan-cotton-idINL3E8HL49E20120621

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