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Business & Finance

Karachi Cotton Association Prices

Published April 15, 2019 Updated April 15, 2019 01:51pm

KARACHI: The Karachi Cotton Association on Monday fixed the official spot rate, or base price, for Grade 3 cotton at 9,431 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.  The kerb market rates were not available on Monday.

Copyright Reuters, 2019

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