Cotton prices in Brazil continue to rise. In light of this, the CEPEA/ESALQ Indicator (payment in eight days) is already operating at the highest nominal level since the end of July 2025. This movement is mainly sustained by stronger international quotations and the cautious stance of Brazilian sellers during this off-season period. Furthermore, factors such as the high oil prices and climatic conditions in Brazil and the United States contribute to the scenario of appreciation. According to researchers at Cepea, in the spot market, trading occurs on a punctual basis, primarily aimed at meeting immediate needs and replenishing inventories. A larger volume of business remains limited by the mismatch between the expectations of buyers and sellers. On the demand side, still according to the Research Center, industries report difficulty in passing on to yarns ...