Brazil: Conjunctural agricultural analysis of cotton in April/22 Cepea/Esalq/USP
Cotton Seed
Brazil
Published May 11, 2022
Tridge summary
The rise in international prices, the appreciation of the dollar against the Real, and the increase in the export parity made cotton lint prices rise in Brazil in April. Aware of this external scenario, sellers were firmer and/or increased the amounts requested for the lots available on the spot, especially for the higher quality lint.
Original content
COTTON Pixabay.jpg The rise in international prices, the appreciation of the dollar against the Real and the increase in the export parity made cotton lint prices rise in Brazil in April. Aware of this external scenario, sellers were firmer and/or increased the amounts requested for the lots available in the spot, especially for the higher quality lint. Thus, the price increased more strongly at the end of the month, reaching the point of renewing, for a few consecutive days, the nominal maximum of the Cepea historical series, which began in 1996. In the accumulated result for April, the CEPEA/ESALQ Indicator for cotton lint with payment in 8 days, it rose 1.71%. The April/22 average, of R$ 7.2063/lp, was 11.7% above the export parity and remains the highest in the Cepea series, in nominal terms. In real terms (IGP-DI – March/22), the average is the highest since April 2011 (R$ 8.9282/lp), being also 2.3% higher than in March/22 and 29, 11% higher than that of April/21. In dollar ...
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