South Asia · PK · Karachi ex-gin, 1-1/16″ grade 3
Pakistan
A base-grade ICE bale in Pakistan is $400.32 — -4.4% versus the US nearby.
Bale
$400.32
217.7 kg net
Cents per pound
83.4 ¢
SLM 1-1/16″ equivalent
vs ICE
-4.4%
Rank 31 of 41
Bales per $1,000
2.50
US buys 2.39
Local quote
- Currency
- PKR · rupee
- FX / USD
- 278 PKR
- Per kilogram
- 511.88 PKR
- Per bale
- 111,449 PKR
- Implied PPP
- 266.146 PKR / USD
- Market FX
- 278.400 PKR / USD
The implied PPP rate is cheaper than the market rate — rupee looks undervalued on a cotton basket.
The physical
- Role
- Producer and mill
- Production
- 4.8M bales
- Mill use
- 10.2M bales
- Source
- Karachi ex-gin, 1-1/16″ grade 3
- Tier
- usda
Ex-gin Karachi. Pakistan is a chronic importer on top of a large crop — mill demand keeps the local quote from collapsing with the rupee.