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The costs paid for Brazilian cotton in export marketplaces – represented by export parity – remained additional desirable than prices in the domestic place market in the 1st fortnight of November. As a consequence, sellers ended up unwilling to decrease their asking prices when potential buyers agreed to fork out additional, resulting in rates going up, majorly for greater-high-quality cotton.

On November 8, the CEPEA/ESALQ Index for cotton set a nominal record in the series of CEPEA – which commenced in July 1996 – closing at BRL 6.0642/pound. On November 16, this Index closed at BRL 6.0330/pound, 1.43 per cent up in the fortnight.

“The normal in the first 50 percent of November, which closed at BRL 6.0251/pound, is the optimum in the collection, but nevertheless 1.6 per cent lower than the export parity. It is critical to point out that this Index remained better than the export parity for 12 consecutive months,” the Heart for State-of-the-art Studies on Used Economics (CEPEA) claimed in its most up-to-date fortnightly report on the Brazilian cotton m marketplace.

The rates paid for Brazilian cotton in export marketplaces – represented by export parity – remained extra eye-catching than selling prices in the domestic place sector in the 1st fortnight of November. As a final result, sellers had been unwilling to lower their inquiring costs although purchasers agreed to pay back more, resulting in rates likely up, majorly for bigger-top quality cotton.

Whilst the US dollar dropped by 2.7 for each cent in opposition to the genuine in between October 29 and November 16, to BRL 5.492 on the 16th, the Cotlook A Index rose by 5.8 for each cent, to USD 1.2695/pound. Therefore, the export parity enhanced by 2.95 for every cent, to BRL 6.1046/pound (USD 1.1115/pound) at the port of Santos (SP) and BRL 6.1151/pound (USD 1.1135/pound) at the port of Paranaguá (PR).

Meanwhile, according to data from the Secex, the secretariat of international trade, Brazil exported 203,090 tons of cotton in Oct 2021, the best quantity considering that March 2021 when it exported 222,130 tons. The determine for Oct is 44.8 for each cent a lot more when compared to the earlier month and 15.8 per cent down from that in Oct 2020.

The regular price per pound closed at $.7783, 1.22 per cent better in the month-to-month comparison and 13.65 for each cent increased in the yearly comparison. Contemplating the ordinary of the US greenback in October, of BRL 5.535, in real, the selling price of the cotton exported shut at BRL 4.3081/pound, 27.1 for each cent lower than the Brazilian cotton Index (BRL 5.9088/pound) and 23.86 for each cent under the export parity past thirty day period (BRL 5.6583/pound).

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Fibre2Trend Information Desk (RKS)

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