Cepea, August 5 2019 – Despite the low cotton supply, prices are dropping in Brazil, which kept the trading pace slow in the domestic market. Agents point to a delay in the harvesting of the 2018/19 crop – and consequently in cotton processing –, due to the rains in mid-May and the colder weather in some areas from Mato Grosso and Bahia.
Thus, the CEPEA/ESALQ cotton Index, with payment in 8 days, has been dropping since late May
Fonte: CEPEA
