Internal price of cotton remains steady with intense exports

Brazilian cotton sellers are focused on fulfilling contracts, staying away from the domestic spot market. According to data from the Center for Advanced Studies in Applied Economics (Cepea). This seller retraction and the higher export parity have been supporting domestic prices of cotton in lint. On the demand side, industry agents consulted by Cepea show greater interest in higher quality lots, but purchases are made only when necessary. According to Cepea researchers, while the pace of business involving cotton in lint remains slow in the domestic spot market, shipments of the commodity abroad are intense. The volume shipped by Brazil in this partial of November already totals 323.1 thousand tons, exceeding by 7.9% the amount exported in the entire month of November ...