Karachi Cotton Association prices – Jan 28

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KARACHI, Pakistan, Jan 28 The Karachi Cotton Association on
Thursday fixed the official spot rate, or base price, for Grade 3 cotton at
5,841 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 5,315 to
5,700 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
  

 (Compiled by the Karachi newsroom)

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