Karachi Cotton Association prices – Aug 6, 2012

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KARACHI, Aug 6 (Reuters) – The Karachi Cotton Association on Monday fixed the official spot rate, or base price, for Grade 3 cotton at 6,055 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 5,600 to 5,850 rupees per maund.

Following are the grade and staple margins for the period Aug 1 to 15:

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      n/a      n/a      n/a
 1       n/a       n/a      n/a      214      322      375
 2       n/a       n/a      0        107      214      268
 3       n/a       n/a      -107     BASE     107      161
 4       n/a       n/a      n/a      -107     0        n/a
 n/a     n/a       n/a      n/a      n/a      n/a      n/a

 (Compiled by the Karachi newsroom)

Source: http://in.reuters.com/article/2012/08/06/markets-pakistan-cotton-idINL4E8J63DV20120806

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