Cepea, June 3, 2025 – Cotton prices finished May at firm levels in Brazil. Values were sustained by the limited supply, due to the offseason period. Liquidity, in turn, continued low, due to the price gap between purchasers and sellers for remaining batches of the 2023/24 crop. As for sellers, many producers continued firm about quotations, based on the reaction of international prices and on limited stocks.
Between April 30 and May 30, the CEPEA/ESALQ Index (payment in 8 days) upped 0.7%, to close at BRL 4.4176 per pound on May 30.
EXPORTS – Brazil shipped 157.7 thousand tons of cotton in the partial of May (16 producing days), 34% less than in April/25 (239.1 thousand tons) and 31.2% smaller compared to that in May/24 (229.4 thousand tons), according to data from Secex. The daily average is at 9.86 thousand tons, against 10.9 thousand tons verified one year ago (-9.8%). Thus, in the partial of the 2024/25 season (from August/24 to May/25), Brazil exported 2.54 million tons, 5% less than in the total verified in the previous season.
2025/25 CROP IN BRAZIL – Conab released a report on May 15 indicating that the 2024/25 cotton output is expected to total 3.9 million tons, a new record, increasing 0.36% compared to data released in April/25 and 5.5% in relation to the 2023/24 season. The area is projected at 2.084 million hectares, moving up 0.21% and 7.2% in the same comparisons. The productivity may drop 1.6% against the past crop, at 1,874 kg per hectare, but increasing 0.16% compared to the previous report.
(Cepea-Brazil)
Centro de Estudos Avançados em Economia Aplicada – CEPEA-Esalq/USP
