In August, cotton prices in Brazil fell below BRL 4 ($0.71) per pound, driven by increased domestic supply, lower international prices and reduced export parity.
The CEPEA/ESALQ cotton index dropped by 4.65 per cent, closing at BRL 3.8863 ($0.69) per pound on August 30.
The 2023-24 cotton harvest is progressing well, with 76.1 per cent of the area harvested.