Sellers unwilling to lower asking prices; Index rises in Brazil

Cepea, October 16, 2020 – Cotton prices increased in the Brazilian market in the first fortnight of October. As many farmers had made cash flow, they were unwilling to lower asking prices for the low volume made available in the spot market. These agents are aware of the prices paid from exports – which have been more attractive than remuneration in the domestic market – and focused on delivering the product previously purchased
Fonte: CEPEA


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