Karachi Cotton Association Prices – July 15

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KARACHI, July 15 (Reuters) – The Karachi Cotton Association on Friday fixed the official spot rate, or base price, for Grade 3 cotton at 6,537 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 6,300 to 6,500 rupees per maund.

The following are the grade and staple margins for July 1 to July 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      n/a 
 2       n/a     n/a     27       134      268      348 
 3       n/a     -536    -322     BASE     134      214 
 4       1125    -804    -589     -268     -134     n/a 
 5       -1340   -1018   -804     n/a      n/a      n/a 
  
 (Reporting by Syed Raza Hassan)

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