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.