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Brazil's cotton prices hit one-year high in mid-March
Cotton prices fluctuated in early March but maintained an upward trend, with the CEPEA/ESALQ Index reaching ~$0.75/lb, the highest in a year. Market players prioritised international contracts, while demand continued. Brazil exported 274.63 thousand tons in February, down 33.9 per cent from January. ICAC forecasts 2024/25 global cotton production at 25.688 million tons.
Cotton prices fluctuated in early March but maintained an upward trend, with the CEPEA/ESALQ Index reaching ~$0.75/lb, the highest in a year.
Market players prioritised international contracts, while demand continued.
Brazil exported 274.63 thousand tons in February, down 33.9 per cent from January.
ICAC forecasts 2024/25 global cotton production at 25.688 million tons.
