Rising movement in cotton prices is interrupted

The upward movement in cotton lint prices, which had been observed since mid-December 2020, was interrupted in recent days. Between March 9th and 16th, the CEPEA/ESALQ Indicator, with payment in 8 days, fell 2,45%, closing at R$ 5,0244/lp on Tuesday, March 16th.

According to Cepea researchers, the tightening of restrictive measures to control Covid-19 in Brazil has increased uncertainty about consumer behavior in the coming weeks and, consequently, kept feather buyers away from the market. spot national. On the selling side, cotton farmers are focused on developing crops for the 2020/21 season.