West Africa · ML · West African FOB
Mali
A base-grade ICE bale in Mali is $408.96 — -2.3% versus the US nearby.
Bale
$408.96
217.7 kg net
Cents per pound
85.2 ¢
SLM 1-1/16″ equivalent
vs ICE
-2.3%
Rank 27 of 41
Bales per $1,000
2.45
US buys 2.39
Local quote
- Currency
- XOF · CFA franc
- FX / USD
- 564 XOF
- Per kilogram
- 1,059.38 XOF
- Per bale
- 230,653 XOF
- Implied PPP
- 550.812 XOF / USD
- Market FX
- 564.000 XOF / USD
The implied PPP rate is cheaper than the market rate — CFA franc looks undervalued on a cotton basket.
The physical
- Role
- Producer
- Production
- 1.3M bales
- Mill use
- 40K bales
- Source
- West African FOB
- Tier
- cotlook
Francophone West African FOF/FOB. The CFA franc's euro peg transmits ECB moves straight into the dollar quote.