KARACHI: The Karachi Cotton Association on Friday fixed the official spot rate, or base price, for Grade 3 cotton at 9,002 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 varaties traded in the range of 8,400 to 8,475 rupees per maund.
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