Americas · AR · Chaco gin
Argentina
A base-grade ICE bale in Argentina is $425.28 — +1.6% versus the US nearby.
Bale
$425.28
217.7 kg net
Cents per pound
88.6 ¢
SLM 1-1/16″ equivalent
vs ICE
+1.6%
Rank 22 of 41
Bales per $1,000
2.35
US buys 2.39
Local quote
- Currency
- ARS · peso
- FX / USD
- 1,420 ARS
- Per kilogram
- 2,773.68 ARS
- Per bale
- 603,898 ARS
- Implied PPP
- 1,442.137 ARS / USD
- Market FX
- 1,420.000 ARS / USD
The implied PPP rate is richer than the market rate — peso looks overvalued on a cotton basket.
The physical
- Role
- Producer
- Production
- 800K bales
- Mill use
- 380K bales
- Source
- Chaco gin
- Tier
- usda
Chaco and Santiago del Estero growth. The peso's crawl is the whole story — live FX moves this row more than the physical.