Cotton exports set a record in January

Sellers are more active at the beginning of February, but remain firm in asking prices, which supports cotton prices in the national market. Trading companies, in turn, attentive to international increases, are staying away and/or offering even higher prices for new negotiations. In this context, between February 4th and 11th, the CEPEA/ESALQ cotton lint indicator, with payment in 8 days, rose 1,48%, to R$ 2,8483/lp this Tuesday, 11th. 

However, according to Cepea employees, attention is focused on exports, which reached a new record in January, totaling 308,8 thousand tons, according to data from Secex. This volume exceeded that of December/11 by 19% (278,2 thousand tons), an expressive 165% that of January/19 and was still 7,2% above the previous record, of 288,15 thousand tons, seen in October /19. As for internal liquidity, in general, the disparity between value and quality continues to limit the pace of business – few lots of superior quality have been made available on the domestic market, making new closures for ready delivery even more difficult.