Cotton has been falling for 6 months and real price at its lowest since 2009

After reaching a peak in May of this year, the average price of cotton lint has been recording consecutive monthly declines – it has been six months of continuous drops, bringing the November average to the lowest level since September 2009, in real terms (IGP-DI from October/25). According to researchers at Cepea, this scenario is the result of increased domestic supply, retracted domestic demand, and a weakening in international values as well. Even with exports performing excellently, passage stocks are still expected to remain high. Data from Cpeea show that the November average of the ...