Karachi Cotton Association prices – Nov 11

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The Karachi Cotton Association on
Wednesday fixed the official spot rate,
or base price, for Grade 3 cotton at 5,626 rupees per maund (40 kg).
   Grade 3 cotton has a staple length of 1-1/16" and micronaire value between
3.8 and 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 4,800 to
5,575 rupees per maund.
   The following are the grade and staple margins for Nov 1 to Nov 15:        
 GRADE   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      27       107      188      268
 2       n/a       n/a      -27      54       134      214
 3       n/a       n/a      -80      BASE     80       161
 4       n/a       n/a      -102     -322     -241     n/a
 5       n/a       n/a      -509     -429     n/a      n/a
 
 (Compiled by the Karachi newsroom)

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