KARACHI, April 26 (Reuters) - The Karachi Cotton Association on Monday 26 April fixed the official spot rate, or base price, for Grade 3 cotton at 6,966 rupees 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.

In the kerb market key crop varieties traded in the range of 6,600 to 6,700 rupee per maund.

Following are the grade and staple margins for the period April 1 to 30.

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GRADE STAPLELENGTH
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31/32" 1" 1-1/32" 1-1/16" 1-3/32" 1-1/8"
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Super 0 +123 +246 +370 +493 +616
1 -123 0 +123 +246 +370 +493
2 -246 -123 0 +123 +248 +370
3 -370 -246 -123 BASE +123 +246
4 -493 -370 -246 -123 0 +123
5 -616 -493 -370 -246 -123 0
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