Domestic cotton prices stabilize

After falling with some force in the first half of September, domestic cotton lint prices are firmer in the second half of the month. Cepea researchers indicate that, despite the harvest of the record production of the 2019/20 harvest having been completed, sellers are more resistant to reducing the values ​​of new negotiations, aware of the higher export remuneration compared to the national spot. 

Buyers, in turn, are staying away from the market, citing difficulties in passing on raw material prices to manufactured goods. In this environment, some spot purchases have prevailed by companies with more urgency to replenish stocks. This Tuesday, the 22nd, the CEPEA/ESALQ cotton lint indicator, with payment in 8 days, closed at R$3,0990/lp, a slight drop of 0,3% compared to the previous Tuesday, the 15th.