Cepea, June 19 2019 – Although some sellers were more willing to lower asking prices, processing plants were bidding even lower quotes, hampering cotton trades in Brazil in the first fortnight of June. Besides, purchasers still claimed difficulty to find cotton with the desired quality.
In general, purchasers were retracted from the spot market, due to expectations for a large 2018/19 crop and consequent lower quotes
Fonte: CEPEA
