Cotton price continues to fall and liquidity is low

Cotton lint prices continue to fall, which keeps the pace of negotiations weakened. Between July 23rd and 30th, the CEPEA/ESALQ cotton lint indicator, with payment in 8 days, fell 1.92%, closing at R$ 2.5033/lp on Tuesday, 30th.

Agents consulted by Cepea indicate a delay in the harvest of the 2018/19 crop and, consequently, in processing, due to rains in mid-May and slightly colder weather in some locations in Mato Grosso and Bahia.

On the selling side, agents are focused on harvesting, processing and delivering previously signed contracts. 

Post: Marina Carvejani
Author: CEPEA
Source: agrolink

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