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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.
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According to the Cepea newsletter, in August, the increase is 3.4%. 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.
By: Aline Merladete | agrolink
