Cotton lint prices have risen again in recent days

Cotton lint prices have risen again in recent days, with the reduction of sellers in the spot market, according to information from Cepea. The CEPEA/ESALQ Indicator, with payment in 8 days, rose 1,54% between August 3rd and 10th, closing at R$ 5,1306/lp on Tuesday, 10th. In the accumulated result for August, the advance is 3,4 .XNUMX%.

According to Cepea researchers, sellers are paying attention to the appreciation of contracts on the New York Stock Exchange (ICE Futures) and the exchange rate - in this case, it is worth noting that prices in China, represented by the Cotlook A index, have even retreated, but the parity of exports rose, due to the dollar. As a result, cotton farmers turn to harvesting, processing and fulfilling fixed-term contracts.