Cepea, December 1, 2020 – The oscillations in the export parity, influenced by the variations of both international prices and the currency exchange rate, and the uncertainties about the market dynamics in the coming months made Brazilian agents cautious about closing deals in November.
On the one hand, sellers prioritized exports, although prices were slightly lower than that in the domestic market, making only a few batches available in the Brazilian spot. On the other hand, purchasers were still receiving the cotton acquired in previous weeks, and some of these agents signaled a halt in production in some periods of December, despite the fast sales pace
Fonte: CEPEA
