Cepea, November 5, 2020 – Cotton prices rose sharply in the Brazilian market in October, hitting new nominal records in the series of Cepea, which started in July 1996. In the first fortnight of the month, the exports parity was higher than the prices paid in the domestic market, which led sellers to prioritize deliveries and new deals for exports, keeping supply low in Brazil.
Consequently, the Brazilian purchasers with urgent needs for cotton had to increase bidding prices – in some cases, these agents were willing to buy lower-quality cotton
Fonte: CEPEA
