South Asia · IN · Shankar-6 Gujarat ex-gin
India
A base-grade ICE bale in India is $437.76 — +4.5% versus the US nearby.
Bale
$437.76
217.7 kg net
Cents per pound
91.2 ¢
SLM 1-1/16″ equivalent
vs ICE
+4.5%
Rank 20 of 41
Bales per $1,000
2.28
US buys 2.39
Local quote
- Currency
- INR · rupee
- FX / USD
- 83.620 INR
- Per kilogram
- 168.13 INR
- Per bale
- 36,605 INR
- Implied PPP
- 87.416 INR / USD
- Market FX
- 83.620 INR / USD
The implied PPP rate is richer than the market rate — rupee looks overvalued on a cotton basket.
The physical
- Role
- Producer and mill
- Production
- 24.8M bales
- Mill use
- 24.2M bales
- Source
- Shankar-6 Gujarat ex-gin
- Tier
- usda
Shankar-6 (middling, ~29 mm) at the gin yard in Gujarat. Closest liquid domestic proxy for an ICE-equivalent bale.