Middle East · IR · Domestic mill, unofficial FX
Iran
A base-grade ICE bale in Iran is $333.12 — -20.4% versus the US nearby.
Bale
$333.12
217.7 kg net
Cents per pound
69.4 ¢
SLM 1-1/16″ equivalent
vs ICE
-20.4%
Rank 41 of 41
Bales per $1,000
3.00
US buys 2.39
Local quote
- Currency
- IRR · rial
- FX / USD
- 42,000 IRR
- Per kilogram
- 64,260.26 IRR
- Per bale
- 13,991,040 IRR
- Implied PPP
- 33,411.279 IRR / USD
- Market FX
- 42,000.000 IRR / USD
The implied PPP rate is cheaper than the market rate — rial looks undervalued on a cotton basket.
The physical
- Role
- Producer and mill
- Production
- 180K bales
- Mill use
- 450K bales
- Source
- Domestic mill, unofficial FX
- Tier
- estimate
Thin market. Sanctions distort both the rial and physical availability. Treated as an estimate, not a deliverable ICE equivalent.