|Prices rise on low volume in Brazilian cotton market in July
04
Aug '21
The volume of cotton available in the spot market (majorly from Bahia) was low in July, resulting in a rise in prices during the month. Between June 30 and July 30, the CEPEA/ESALQ Index for cotton rose by 5.8 per cent, closing at 4.9617 BRL/pound on July 30. The average of the Index in July closed at 4.9850 BRL/pound, 2 per cent higher than that in June.
The volume of cotton available in the spot market (majorly from Bahia) was low in July, resulting in a rise in prices during the month. Between June 30 and July 30, the CEPEA/ESALQ Index for cotton rose by 5.8 per cent, closing at 4.9617 BRL/pound on July 30. The average of the Index in July closed at 4.9850 BRL/pound, 2 per cent higher than that in June.
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