TABLE – Karachi Cotton Association prices – Dec 16

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KARACHI, Pakistan, Dec 16 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 4,600 to
5,600 rupees per maund.
   The following are the grade and staple margins for Dec 16 to Dec 31:       
 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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