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 · UZ · State procurement / gin

Uzbekistan

A base-grade ICE bale in Uzbekistan is $368.64-12.0% versus the US nearby.

Bale

$368.64

217.7 kg net

Cents per pound

76.8 ¢

SLM 1-1/16″ equivalent

vs ICE

-12.0%

Rank 37 of 41

Bales per $1,000

2.71

US buys 2.39

Local quote

Currency
UZS · som
FX / USD
12,740 UZS
Per kilogram
21,570.71 UZS
Per bale
4,696,474 UZS
Implied PPP
11,215.406 UZS / USD
Market FX
12,740.000 UZS / USD

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

The physical

Role
Producer and mill
Production
3M bales
Mill use
3.1M bales
Source
State procurement / gin
Tier
estimate

State-influenced procurement. Lint often clears at a discount to ICE even after the som's moves; mill use now absorbs most of the crop.

Same region

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