Luxury Cotton for Fashion and Home Textiles

2014/15 Loan Rates

American Pima Loan Rates

Schedule of Loan Rates for Eligible Qualities
2014-–crop ELS Cotton Stored in Approved Warehouses in all Locations.
(Cents per pound, net weight, micronaire 3.5 & above and strength of 37.5 and above 1/)

Grade

Grade 1 3/8 (44) 1 7/16 (46) 1 1/2 (48 & Longer)
1 79.40 81.85 81.95
2 79.15 81.60 81.70
3 76.70 79.15 79.30
4 63.20 65.65 65.65
5 55.50 56.10 56.10
6 51.45 51.60 51.60
Below 6 37.00 37.00 37.00

Leaf

Leaf Leaf Dis. (ct/lb) Colors
1 0.00 All
2 0.00 All
3 -3.45 1–3
4 -3.60 1–3
5 -3.70 1–4
6 -3.80 1–5
7 -3.80 1–6

1/ A micronaire premium of 53 points (0.53 cents) per pound is reflected in the loan rates for the eligible qualities. Also, a strength premium of 55 points (0.55 cents) per pound is reflected in the loan rates for the eligible qualities. The adjusted national average loan rate reflected in the above schedule is 80.85 cents per pound. Cotton with micronaire readings below 3.5 and strength below 37.5 will be subject to the discounts in the schedules of micronaire and strength differences for ELS cotton.

Premiums and Discounts

Extraneous Matter

Matter Level 1 Level 2
Preparation -810 -1095
Grass, Spindle Twist, Bark & Other -715 -1035

Micronaire Differences for Eligible Qualities

Micronaire Reading Points/lb.
3.5 & above 0
3.3-3.4 -505
3.0-3.2 -1045
2.7-2.9 -1525
2.6   below -2005

Strength

Strength Reading (g/tex) Discount (pts./lb)
37.5 & above 0
36.5-37.4 -850
35.5-36.4 -1100
35.4   below -1350

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