Cotton prices fall due to low demand

Low demand from cotton spinning mills in early October has affected cotton prices in the Brazilian market. The CEPEA/ESALQ Index for cotton type 41-4 closed at 1.6606 BRL (0.6811 dollar) per pound on October 15, down 0.66 per cent in the first fortnight of October and amid October 13 to October 17, the Cotlook A Index moved down 0.62 per cent compared to the previous week. The export parity calculated by Cepea FAS (Free Alongside Ship) Paranaguá port averaged at 1.4538 BRL per pound, increased by 0.32 per cent compared to the previous week. And, the import parity released by Conab, based on the Cotlook A Index from October 13 to October 17 went up by 0.54 per cent from its previous week at a dollar average of 2.4311 BRL.