Cepea, August 20 2019 – Cotton purchasers were not interested in closing new deals in the Brazilian spot market in the first fortnight of August. Agents from most processing plants were working with the cotton stocked and/or previously purchased through contract, and when necessary, searched for small amounts to replenish inventories – however, bidding prices were low. Only some traders were purchasing cotton, aiming to extend the delivery period, while trading companies were away from the market, aware of the low price levels in the international market as well as the US dollar appreciation in the first half of the month
Fonte: CEPEA
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