Karachi Cotton Association prices

KARACHI - The Karachi Cotton Association on Friday 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 4,200 to 5,500 rupees per maund. – Reuters Following are the grade and staple margins for March 15 to April 15: