Cepea, January 14, 2022 – The higher consumption, the smaller production and lower ending stocks (in Brazil and in the world) are likely to underpin cotton quotes in early 2022. Moreover, due to current international price levels, high export parity and the fact that most part of the 2020/21 crop has already been traded, prices in the local market may continue firm and/or moving up also in the off-season.
Conab estimated ending stocks in the 2020/21 season (in December/21) at 1
Fonte: CEPEA
