Brazilian cotton prices climbed in the first fortnight of January 2017, primarily driven by low availability, coming from the failure of the 2015/16 crop and since most production from that crop, was traded in advance. On January 9, Brazilian cotton quotes touched BRL 2.7977 per pound, the highest level, in nominal terms, since May 2, 2011.
However, cotton prices dropped 0.3 per cent in the second fortnight of the month, mainly due to more flexibility on part of sellers and also good liquidit