Interviews
Rollercoaster shows uncertainties in short & long-term
03 Sep '11
1 min read
In less than a month, cotton prices in the domestic market changed the trend three times. The rollercoaster started when quotes moved up between late July and the first week of August. However, sellers were willing to trade, while purchasers refrained, therefore, between August 5-16, values moved down by 11.1%. But, prices became attractive to buyers again, and sellers, on the other hand, refrained from trading.
In late August, once again, the trend of quotes was not clear. Values in the international market resumed decreasing, pressing down prices in the Brazilian market. In the accumulated of the month (between July 29 to Aug. 31), the CEPEA/ESALQ Index for cotton type 41-4 (delivered in São Paulo city, payment in 8 days) dropped slightly 0.34% and closed at 1.8046 real or 1.1321 dollar per pound on Aug. 31.
In Brazil, despite advances of the harvesting (only 20% left), the availability of the product in the spot market was not expressive in late August. (Cepea – Brazil).
In late August, once again, the trend of quotes was not clear. Values in the international market resumed decreasing, pressing down prices in the Brazilian market. In the accumulated of the month (between July 29 to Aug. 31), the CEPEA/ESALQ Index for cotton type 41-4 (delivered in São Paulo city, payment in 8 days) dropped slightly 0.34% and closed at 1.8046 real or 1.1321 dollar per pound on Aug. 31.
In Brazil, despite advances of the harvesting (only 20% left), the availability of the product in the spot market was not expressive in late August. (Cepea – Brazil).
CEPEA - Center for Advanced Studies on Applied Economics
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