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International price drops press down quotes in BR

Cepea, September 18 – After beginning the month on the rise, pushed up by the firm position of sellers in the domestic market, the CEPEA/ESALQ cotton Index dropped in the last days, reflecting the devaluations in the international market. According to Cepea researchers, the international price drops were linked to the reduction of the negative expectations regarding the American crops (due to the hurricanes forecast for that country). Besides, the USDA revised up estimates for production and inventories for the United States in a report released on September 12, pressing down quotes at the New York Exchange Stock and in Brazil
Fonte: CEPEA



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