Commodity ratio · live
Cotton to Milk Ratio
The cotton to milk ratio is 5.263 — Cotton at $1.87 per kilogram divided by Milk at $0.3560 per kilogram.
Cotton is quoted per pound and milk per hundredweight, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
Prices as of Sep 21, 2026, 2:43 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Cotton to Milk ratio
1.000 kg of cotton = 5.263 kg of milk
Inverse (MILK/CT): 0.1900 — one kilogram of milk buys that much cotton.
Near the top of its 1 year range — historically stretched. (91th percentile of the last 1 year)
Cotton
$1.87
per kilogram
Milk
$0.3560
per kilogram
Unit basis: USD per kilogram ÷ USD per kilogram. Both legs are priced in US dollars per kilogram, so the dollars and the kilograms cancel and the result is a plain unitless number. Prices as of Mon, 21 Sep 2026 14:43:36 GMT.
Prices on this page are delayed by up to 15 minutes. For real-time rates, use the CommodityPriceAPI.
Cotton is quoted per pound and milk per hundredweight, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
1Y average
4.495
median 4.410
1Y low
3.663
Nov 21, 2025
1Y high
5.753
Sep 1, 2026
Normal band
3.962–5.027
mean ± 1 std dev
Deviation from mean
+1.44σ
251 observations
Cotton to Milk ratio charts
Pick a range once — it applies to the CT/MILK ratio line, the OHLC candles and the Cotton / Milk price chart below.
CT/MILK ratio line
How many kg of Milk one kg of Cotton buys, over 1Y.
CT/MILK ratio candles
Open, high, low and close of the CT/MILK ratio for each period in the last 1Y.
Cotton and Milk prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the cotton to milk ratio
Cotton to Milk ratio = Cotton price in USD per kilogram ÷ Milk price in USD per kilogram
Both legs are priced in US dollars per kilogram, so the dollars and the kilograms cancel and the result is a plain unitless number.
Cotton is quoted per pound and milk per hundredweight, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
Worked example, live prices: $1.87 per kilogram ÷ $0.3560 per kilogram = 5.263. The inverse is 0.1900.
The flagship commodity ratios
Each of these has its own dedicated page with live pricing, a full year of history and range statistics.
Live prices behind the ratio
| # | Symbol | Name | Rate (USD) |
|---|---|---|---|
| 1 | XAU | Gold | 4342.23 |
| 2 | XAG | Silver | 66.19 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 95.23 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 99.80 |
| 5 | NG-FUT | Natural Gas Futures | 2.85 |
| 6 | PL | Platinum | 1814.97 |
| 7 | PA | Palladium | 1316.00 |
Frequently asked questions
What is the cotton to milk ratio today?
The cotton to milk ratio is 5.263 — Cotton at $1.87 per kilogram divided by Milk at $0.3560 per kilogram, from live mid-market prices. Both figures are US dollars per kilogram.
How do you calculate the cotton to milk ratio?
Divide the cotton price per kilogram by the milk price per kilogram. Both legs are priced in US dollars per kilogram, so the dollars and the kilograms cancel and the result is a plain unitless number.
What is the inverse of the cotton to milk ratio?
The inverse, milk to cotton, is 0.1900 — how many kilograms of cotton one kilogram of milk buys.