With a slight increase of Rs10, cotton prices are recorded at Rs2535 per maund today, as per the sources of Karachi Cotton Association (KCA).
According to Cotlook Indices February 15, 2006, A Index was at 61.55 and B Index was 58.50.
On February 15, 2006, New York Cotton Futures Market Closing Delivery has forecast some negative changes for the month of March - 06 and May - 06.
Opening price for March 2006 will be $56.80, high and low levels will be $57.65 and $56.05; previous rate will be $57.04 and close at $56.92. This shows a decrease of $0.12.
In May 2006, price will open with $57.70, high and low levels will be $58.10 and $56.05; previous rate will be $57.75 and close at $57.05. This also reflects a reduction of $0.70.
GRADE AND STAPLE MARGINS
Karachi Cotton Association
marketing@alchempro.com
