The cotton indicator in October is the lowest in 16 years

In October, the average price of cotton lint in Brazil was the lowest since October 2009, in real terms (deflated by IGP-DI). This is what the surveys by the Center for Advanced Studies in Applied Economics (Cepea) indicate. The Cepea/Esalq Indicator (payment in eight days) had a monthly average of R$ 3.5176/lp, a decrease of 5.16% compared to September/25 and 12.7% compared to October/24. According to the institute, the devaluation of the lint is a result of the record national supply, contained domestic and international consumption, and the lower levels of external quotations and the dollar. In this scenario, spot negotiations in the national market occur on a punctual basis. Researchers explain that part of the agents remain focused on fulfilling term contracts. Producers have also turned their ...