Karachi Cotton Association prices – Nov 24

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  KARACHI, Pakistan, Nov 24 (Reuters) - The Karachi Cotton Association on 
Tuesday fixed the official spot rate, 
or base price, for Grade 3 cotton at 5,734 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 5,400 to 
5,700 rupees per maund. 
   The following are the grade and staple margins for Nov 16 to Nov 30:        
 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      54       161      295      375 
 2       n/a       n/a      -27      80       214      295 
 3       n/a       -214     -107     BASE     134      214 
 4       n/a       -482     -375     -268     -134     n/a 
 5       n/a       -589     -482     -375     n/a      n/a 
  
 (Compiled by the Karachi newsroom)

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