Karachi Cotton Association prices – July 3

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KARACHI, July 3 (Reuters) – The Karachi Cotton Association on Tuesday fixed the official spot rate, or base price, for Grade 3 cotton at 6,645 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 6,000 to 6,450 rupees per maund.

Following are the grade and staple margins for the period July 2 to 14:

GRADE                     STAPLE LENGTH

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

 Super   n/a       n/a      n/a      +322     +643     +750
 1       n/a       n/a      n/a      +214     +536     +643
 2       n/a       -214     0        +107     +429     +536
 3       -429      -322     -214     BASE     +214     +322
 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/2012/07/03/markets-pakistan-cotton-idINL3E8I32RM20120703

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