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Karachi Cotton Association fix prices at Rs6,966 per maund

KARACHI : The Karachi Cotton Association on Friday fixed the official spot rate, or base price, for Grade 3 cotton at Rs
Published August 19, 2011 Updated August 19, 2011 11:24am
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By Syed Murtaza Gheblehzadeh
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cottonKARACHI: The Karachi Cotton Association on Friday fixed the official spot rate, or base price, for Grade 3 cotton at Rs6,966 per maund (40 kg).

The Grade 3 cotton has a staple length of 1-1/16" (inches) and micronaire value between 3.8 to 4.9 NCL (no control limits) which represents fine to coarse classes of cotton varieties.

 

Copyright Reuters, 2011

 

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