Cepea, June 2, 2020 – Brazilian cotton sellers were aware of the higher remuneration from the international market in May and, thus, were unwilling to lower asking prices in the national spot market, which underpinned cotton quotes in the second fortnight of the month. However, purchasers’ interest continued low, and agents from processors were bidding lower prices for the product, hampering deals in the Brazilian market.
Some traders reported deliveries of the cotton previously purchased, but agents claimed that the sales pace for cotton yarn and finished products continued slow in Brazil, keeping inventories high and hampering new cotton purchases
Fonte: CEPEA
