Europe · TR · Aegean / mill-delivered
Turkey
A base-grade ICE bale in Turkey is $498.24 — +19.0% versus the US nearby.
Bale
$498.24
217.7 kg net
Cents per pound
103.8 ¢
SLM 1-1/16″ equivalent
vs ICE
+19.0%
Rank 2 of 41
Bales per $1,000
2.01
US buys 2.39
Local quote
- Currency
- TRY · lira
- FX / USD
- 41.180 TRY
- Per kilogram
- 94.24 TRY
- Per bale
- 20,518 TRY
- Implied PPP
- 48.997 TRY / USD
- Market FX
- 41.180 TRY / USD
The implied PPP rate is richer than the market rate — lira looks overvalued on a cotton basket.
The physical
- Role
- Producer and mill
- Production
- 3.2M bales
- Mill use
- 7.6M bales
- Source
- Aegean / mill-delivered
- Tier
- mill
Large spinner. Domestic Aegean plus imported growth; mill-delivered quotes sit well above ICE after duty and inland freight.