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Fierce competition between agents presses down Index in August

Cepea, September 3 2019 – As cotton processing and the deliveries of the cotton purchased through term contracts advanced in Brazil in August, some higher quality batches were made available in the domestic spot market. Thus, processing plants were bidding lower prices than those asked by sellers, hampering deals. Some plants were receiving the cotton previously purchased, while some traders had higher purchase needs in order to deliver the product previously acquired
Fonte: CEPEA



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