On March 9, India announced that the halt of cotton exports was reviewed – on March 2, the Indian government announced  an entire halt of shipments – to aim at the domestic market.

Agents of the producing sector claim that they might have problems with domestic market players, therefore, the Indian government conceded and announced that exports are allowed, but only for the product traded until March 4. If the halt of all exports continues, agents expect price increases.

At the beginning of March, the announcement of the halt led international prices to soar. At some moments, the international increase pushed up values in the Brazilian market. The announcement, on balance, reduced liquidity in Brazil, which was observed in the international scenario as well.

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