Karachi Cotton Association prices – Dec 7

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KARACHI, Pakistan, Dec 7 The Karachi Cotton Association on
Monday fixed the official spot rate,
or base price, for Grade 3 cotton at 5,573 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 5,150 to
5,350 rupees per maund.
   The following are the grade and staple margins for Dec 1 to Dec 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     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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