Even with the prospect of a record harvest, cotton negotiations remain slow in the national spot market
원본 콘텐츠
With expectations of a record harvest, the 2024/25 cotton crop is gradually being harvested in Brazil. This is what surveys from the Center for Advanced Studies in Applied Economics (Cepea) show. On the other hand, negotiations remain slow in the national spot market, and prices are stable, according to Cepea. The devaluation of the dollar against the Real, combined with declines in international quotations, has been pressuring export parity. As a result, domestic sellers have been staying away from new business, even with the entry of the new harvest. Buyers, in turn, remain active in the spot market only when there is a more urgent need to replenish stocks. In a report released on the 12th, Conab pointed to ...