KARACHI, Aug 8 (Reuters) – The Karachi Cotton Association on Wednesday fixed the official spot rate or base price, for Grade 3 cotton at 6,109 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 5,650 to 5,800 rupees per maund.
Following are the grade and staple margins for the period Aug 1 to 15
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 214 322 357 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/2012/08/08/markets-pakistan-cotton-idINL4E8J831Y20120808
