Cepea, June 16, 2021 – Cotton prices have been firm in the Brazilian market and 23% higher than the export parity for almost two months, confirming that sales in the domestic market have been more profitable than exporting the product. However, the Brazilian market is expected to consume only 17% of the national cotton supply, meaning that exports need to be high.
In general, in the first half of June, agents from the Brazilian cotton market continued focused on closing term contracts, keeping liquidity low in the national spot market
Fonte: CEPEA
