Southern Africa · ZW · Gokwe / Cadoma gin
Zimbabwe
A base-grade ICE bale in Zimbabwe is $375.84 — -10.2% versus the US nearby.
Bale
$375.84
217.7 kg net
Cents per pound
78.3 ¢
SLM 1-1/16″ equivalent
vs ICE
-10.2%
Rank 36 of 41
Bales per $1,000
2.66
US buys 2.39
Local quote
- Currency
- USD · US dollar
- FX / USD
- 1.000 USD
- Per kilogram
- 1.73 USD
- Per bale
- 376 USD
- Implied PPP
- 0.898 USD / USD
- Market FX
- 1.000 USD / USD
The implied PPP rate is cheaper than the market rate — US dollar looks undervalued on a cotton basket.
The physical
- Role
- Producer
- Production
- 250K bales
- Mill use
- 40K bales
- Source
- Gokwe / Cadoma gin
- Tier
- estimate
Quoted in dollars. Small crop, weather-sensitive, usually a discount growth.