ICE Futures U.S. Cotton No. 2 · Dec 2026 87.24 ¢/lb · Base-grade bale $418.75 · Cash / spot 79.98 ¢/lb · Cotlook A 92.4 ¢/lb · SLM 1-1/16″ color 41 leaf 4 staple 34 · 480 lb net USDA statistical bale · As of 11 September 2026

Southeast Asia · ID · Java mill-delivered

Indonesia

A base-grade ICE bale in Indonesia is $456.96+9.1% versus the US nearby.

Bale

$456.96

217.7 kg net

Cents per pound

95.2 ¢

SLM 1-1/16″ equivalent

vs ICE

+9.1%

Rank 14 of 41

Bales per $1,000

2.19

US buys 2.39

Local quote

Currency
IDR · rupiah
FX / USD
16,420 IDR
Per kilogram
34,462.27 IDR
Per bale
7,503,283 IDR
Implied PPP
17,918.203 IDR / USD
Market FX
16,420.000 IDR / USD

The implied PPP rate is richer than the market rate — rupiah looks overvalued on a cotton basket.

The physical

Role
Import mill
Production
3K bales
Mill use
2.5M bales
Source
Java mill-delivered
Tier
mill

Quote is an SLM 1-1/16″ equivalent at the mill or gin, converted at survey FX against ICE Dec 2026 at 87.24 ¢/lb.

Same region

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