Karachi Cotton Association prices – Sept 5

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KARACHI, Sept 5 (Reuters) – The Karachi Cotton Association on Wednesday 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 5,650 to 5,725 rupees per maund.

Following are the grade and staple margins for the period September 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
 5       n/a       n/a      n/a      n/a      n/a      n/a

 (Compiled by the Karachi newsroom)

Source: http://in.reuters.com/article/2012/09/05/markets-pakistan-cotton-idINL4E8K53F720120905

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