Cotton lint prices are on the rise. Even with the progress of the 2019/20 harvest, demand, especially for higher quality lots, exceeds supply, a context that has led plume values to return to the nominal levels observed in mid-October 2018.
According to the Cepea newsletter, between August 11 and 18, the CEPEA/ESALQ cotton lint indicator, with payment in 8 days, rose 4.32%, closing at R$ 3.0905/lp on Tuesday, 18 – the highest nominal value since mid-October 2018. In August, the increase is 8.25%. According to Cepea researchers, sellers are firm in the requested values, paying attention to the high dollar against the Real and the fulfillment of fixed-term contracts.
As processing is still slow, national spot supply is low and closures involve batches with small quantities. On the demand side, the reaction of activities throughout the textile chain has increased buyer interest in new batches of feather.
Source: agrolink
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