KARACHI, Aug 13 (Reuters) – The Karachi Cotton Association on Monday fixed the official spot rate, or base price, for Grade 3 cotton at 6,216 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 5,850 to 6,000 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 214 322 357
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
5 n/a n/a n/a n/a n/a n/a
(Compiled by the Karachi newsroom)
Source: http://in.reuters.com/article/2012/08/13/markets-pakistan-cotton-idINL4E8JD2E520120813
