Karachi Cotton Association Prices – July 26

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KARACHI, July 26 The Karachi Cotton Association
on Tuesday fixed the official spot rate, or base price, for
Grade 3 cotton at 6,698 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 6,450 to 6,700 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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