Brazilian cotton prices rise slightly in November

In early November, due to the low supply of high-quality cotton, Brazil’s cotton offer began to decline in late November. The market is very sluggish and most companies are watching. At the end of the month they still hold inventory. In addition, market participants are preparing for the end of the year. Although the buyer did not buy it, some of the sellers entered the market in late November and the quoted price was very flexible.

From the whole month, cotton prices rose slightly. The 41-4 Cotton CEPEA/ESALQ Index (Sao Paulo City's payment within 8 days) increased by 0.86% (from October 31st to November 30th) in November, and closed at R$1.6906, or 0.9345 USD/lb on November 30th. .

According to a survey conducted by the Center for Applied Advanced Economics (CEPEA), prices have dropped significantly this year, and low liquidity and high ending stocks may not be conducive to Brazil's cotton planting next year. On the other hand, falling corn prices (cotton's competing crops) may be conducive to cotton cultivation.

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