Cotton prices continue to renew nominal highs

Cotton prices continue to rise in Brazil, renewing the nominal maximum levels of the Cepea historical series, supported by export parity. According to Cepea researchers, even in the face of nominal records in Brazil, the values ​​of lint for export are still above those recorded in the domestic market, which leads sellers to remain firm in the prices requested for new negotiations.

On the purchasing side, part of the industries remain in retreat, working with raw materials already contracted and/or in stock. But units that need to replenish stocks end up giving in the amounts paid to be able to make new acquisitions.

In the accumulated result for November (until the 23rd), the CEPEA/ESALQ Indicator for cotton lint recorded an increase of 4,6%, closing at R$6,2226/lp on Tuesday, the 23rd.