Oceania · AU · EMOT / Australian growth, Far East
Australia
A base-grade ICE bale in Australia is $458.88 — +9.6% versus the US nearby.
Bale
$458.88
217.7 kg net
Cents per pound
95.6 ¢
SLM 1-1/16″ equivalent
vs ICE
+9.6%
Rank 13 of 41
Bales per $1,000
2.18
US buys 2.39
Local quote
- Currency
- AUD · dollar
- FX / USD
- 1.508 AUD
- Per kilogram
- 3.18 AUD
- Per bale
- 692 AUD
- Implied PPP
- 1.653 AUD / USD
- Market FX
- 1.508 AUD / USD
The implied PPP rate is richer than the market rate — dollar looks overvalued on a cotton basket.
The physical
- Role
- Producer
- Production
- 4.5M bales
- Mill use
- 80K bales
- Source
- EMOT / Australian growth, Far East
- Tier
- cotlook
High-grade irrigated growth. Trades at a quality premium to ICE; almost the entire crop is exported.