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

Central Asia · KZ · South Kazakhstan gin

Kazakhstan

A base-grade ICE bale in Kazakhstan is $391.68-6.5% versus the US nearby.

Bale

$391.68

217.7 kg net

Cents per pound

81.6 ¢

SLM 1-1/16″ equivalent

vs ICE

-6.5%

Rank 33 of 41

Bales per $1,000

2.55

US buys 2.39

Local quote

Currency
KZT · tenge
FX / USD
540 KZT
Per kilogram
971.44 KZT
Per bale
211,507 KZT
Implied PPP
505.089 KZT / USD
Market FX
540.000 KZT / USD

The implied PPP rate is cheaper than the market rate — tenge looks undervalued on a cotton basket.

The physical

Role
Producer
Production
400K bales
Mill use
80K bales
Source
South Kazakhstan gin
Tier
usda

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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