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US Upland cotton price for week beginning March 3
03
Mar '17
The US Department of Agriculture's Commodity Credit Corporation has announced the adjusted world price (AWP) for Strict Low Middling (SLM) 1-1/16 inch upland cotton (base quality), adjusted to US quality and location that will be in effect from 12:01 a.m., Eastern Time, March 3, 2017, through midnight, Eastern Time, Thursday, March 9, 2017.

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:

 

Cents/lb.

Adjusted World Price (AWP)

66.59

Fine Count Adjustment (FCA) 2015 Crop

0.09

Fine Count Adjustment (FCA) 2016 Crop

0.19

Coarse Count Adjustment (CCA)

0.00

Loan Deficiency Payment (LDP) Rate

0.00

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


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