Karachi Cotton Association prices – Nov 19

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KARACHI, Nov 19 (Reuters) - The Karachi Cotton Association on Wednesday
fixed the official spot rate
or base price for Grade 3 cotton at 5,198 rupees per maund (40 kg).
   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 4,600 to
5,100 rupees per maund.   
    Following are the grade and staple margins for November 16 to 30:        
         1/32"     1"       1-1/32"  1-1/16"  1-3/32"  1-1/8"
                                                       
 Super   -54       0        +54      +161     +268     +375
 1       -107      -54      0        +107     +214     +322
 2       -161      -107     -54      +54      +161     +268
 3       -214      -161     -107     BASE     +107     +214
 4       -429      -322     -268     -214     0        +107
 5       -482      -375     -322     -268     -54      +54
 
 (Compiled by the Karachi newsroom)

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