Karachi Cotton Association prices – Jan 4

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KARACHI, Pakistan, Jan 4 The Karachi Cotton Association on
Monday 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 5,125 to
5,600 rupees per maund.   
    The following are the grade and staple margins for Jan 1 to Jan 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     107      214      348      429
 2       n/a     n/a     -27      134      268      348
 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

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