Karachi Cotton Association prices – Feb 29

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KARACHI, Pakistan, Feb 29 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 4,750 to
5,100 rupees per maund.   
    The following are the grade and staple margins for Feb 16 to Feb 29:       
 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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