Cotton indicator advances 5% in October

Same with the weakening of prices observed in the second half of October, cotton lint values ​​rose almost 5% last month. Second Cepea researchers, this was the fourth consecutive month of plume appreciation in the Brazilian market, and the movement was linked to price support international standards and export parity.

Like this, in October, the average of the CEPEA/ESALQ Indicator, with payment in 8 days, was R$5,9088/lp, a nominal record; In real terms, the average for the last month is the highest since April/11 (R$ 8,2360/lp) – monthly averages were deflated by IGP-DI, based on September/21. In the accumulated result for October, the Indicator CEPEA/ESALQ rose 4,97%, closing at R$5,9479/lp on the 29th.