Cotton price rises in Brazil

Aware of the higher remuneration in the external market, sellers are more firm in the values requested for feather in the national spot, a context that has supported prices in recent days. However, according to Cepea employees, buyer interest remains low, and active industries offer lower prices for new acquisitions, limiting sales in the domestic market.

The Cepea bulletin informs that some traders even reported the release of shipments of some previously closed volumes, but agents indicate that the pace of sales of yarn and finished products remains quite slow, which keeps stocks high and limits new purchases of raw materials. Amidst the “arm wrestling”, between May 12th and 19th, the CEPEA/ESALQ cotton lint indicator, with payment in 8 days, rose 1.8%, closing at R$ 2.6135/lp on Tuesday, 19. However, in the May partial (until the 19th), the Indicator still accumulates a drop, of 1.8%.

Source: agrolink

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