Small increase in supply reduces upward trend in BR

The upward trend in the Brazilian cotton market lost power, due to the higher supply. Growers were more willing to trade, motivated by higher prices. On the buyers' side, even with the pressure, values kept stable. On Friday, Sept 14, the CEPEA/ESALQ Index closed at 1.1981 real or 0.6306 dollar per pound, almost unchanged over Aug 31st (upping only 0.33 percent in Real).

According to the Foreign Trade Secretariat (Secex), in August, Brazilian cotton exports totaled 43,700 tons, volume 216.9 percent higher than that of July. In the accumulated of the year (January to August), the total is of 140,436 tons, volume 3.07 percent superior to that of the same period of 2006.


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