Karachi Cotton Association Prices: Nov 22, 2016

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KARACHI, Pakistan, Nov 22 The Karachi Cotton Association on Tuesday fixed the official spot rate, or base price, for Grade 3 cotton at 6,591 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 6,200 to 6,400 rupees per maund.

   The following are the grade and staple margins for Nov 15 to
Nov 30:       
 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      268      402      n/a
 2       n/a     n/a     54       188      295      375
 3       n/a     n/a     -107     BASE     188      268
 4       n/a     n/a     -214     -107     -107     n/a
 5       n/a     n/a     -322     -214     n/a      n/a
 
 (Reporting by Syed Raza Hassan)

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