Cepea, August 16, 2021 – Cotton prices resumed rising in Brazil in the first fortnight of August, influenced by the lower domestic supply, since sellers left the spot market. These agents are aware of both the futures valuations at ICE Futures and the dollar appreciation against the Real – it is worth to mention that, in China, cotton prices (Cotlook A Index) dropped in that period, while the export parity increased, due to the dollar.
Thus, Brazilian cotton farmers became focused on the harvesting and processing of cotton and on the accomplishment of contracts
Fonte: CEPEA
