Cotton sales in Brazil register high prices and average volume

Published 2024년 6월 21일

Tridge summary

Brazilian cotton sales saw average volume with rising prices this week, despite international benchmarks. Transactions for delivery in 2025 were made, along with short-term acquisitions by the local industry. The price of feather cotton increased by 0.90% to R$3.71 per pound in Rondonópolis, Mato Grosso, and by 0.73% to R$3.72 per pound in Primavera do Leste. However, the price for FOB exports at the port of Santos fell to 69.49 cents per pound, a decrease from 70.01 cents the previous week. From August 2023 to May 2024, Brazil exported 2.353 million tons of cotton, earning US$4.52 billion, marking a 79% increase from the previous cycle. China continues to be the primary importer of Brazilian cotton, with a 53% share, while Egypt has become the ninth main export destination.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Cotton sales on the Brazilian market showed an average volume this week, with prices that rose regardless of international benchmarks. According to information from Safras Consultoria, both trading companies and producers negotiated contracts for delivery in 2025, while the local industry showed interest in short-term acquisitions. On Thursday (20), in Rondonópolis, Mato Grosso, the price of feather reached R$3.71 per pound, an increase of 0.90% compared to the previous week. In Primavera do Leste, also in Mato Grosso, cotton was quoted at R$3.72 per pound, with an appreciation of 0.73%. In the CIF São Paulo market, the price reached R$3.95 per pound, an increase of 0.51% compared to last week. However, the price of cotton for FOB exports at the port of Santos fell, ending the week at 69.49 cents per pound, a drop from the 70.01 cents recorded the previous Thursday. The premium indication for the December 2024 contract was negative at 3.13 cents per pound, worsening compared to ...

Source: Portal Do Agronegocio