Amadeusz Juskowiak

World market price for upland cotton usda

The US Agriculture Department announced the prevailing world market price adjusted to US quality and location for Strict Low Middling 1116 inch upland cotton at 5269 cts per lb to be in effect through midnight March 5

The adjusted world price is at average US producing locations near Lubbock Texas and will be further adjusted for other qualities and locations The price will be used in determining First Handler Cotton Certificate payment rates

Based on data for the week ended February 26 the adjusted world price for upland cotton is determined as follows in cts per lb

Northern European Price 6632

Adjustments

Average US spot mkt location 1042

SLM 1116 inch cotton 180

Average US location 053

Sum of adjustments 1275

Adjusted world price 5357

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