US Upland cotton price for week beginning March 3

The AWP for Strict Low Middling (SLM) 1-1/16 inch (leaf grade 4, micronaire 3.5-3.6 and 4.3-4.9, strength 26.0-28.9 grams per tex, length uniformity of 80.0-81.9 percent) upland cotton (base quality), has been adjusted to US quality and location, the fine count adjustment (FCA), the coarse count adjustment (CCA), and the loan deficiency payment (LDP) rate as given below:

Because the AWP for the period exceeds 52.00 cents per pound, which is the base quality loan rate, the loan repayment rate during this period is equal to the loan rate, adjusted for the specific quality plus applicable interest and storage charges.

The next announcement of the AWP, FCA, CCA, and LDP rate for upland cotton will be on Thursday, March 9, 2017, at 4:00 p.m., Eastern Time. (RKS)

Fibre2Fashion News Desk – India