Europe · ES · Andalusia gin
Spain
A base-grade ICE bale in Spain is $450.72 — +7.6% versus the US nearby.
Bale
$450.72
217.7 kg net
Cents per pound
93.9 ¢
SLM 1-1/16″ equivalent
vs ICE
+7.6%
Rank 17 of 41
Bales per $1,000
2.22
US buys 2.39
Local quote
- Currency
- EUR · euro
- FX / USD
- 0.860 EUR
- Per kilogram
- 1.78 EUR
- Per bale
- 388 EUR
- Implied PPP
- 0.926 EUR / USD
- Market FX
- 0.860 EUR / USD
The implied PPP rate is richer than the market rate — euro looks overvalued on a cotton basket.
The physical
- Role
- Producer
- Production
- 150K bales
- Mill use
- 220K bales
- Source
- Andalusia gin
- 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.