KARACHI: The Karachi Cotton Association on Wednesday 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. In the kerb market, the key crop varities traded in the range of 8,350 to 9,100 rupees per maund.
Comments
Comments are closed.