Cotton harvesting and processing is progressing in Brazil as market focus shifts to fulfilling term contracts, with spot market prices lagging.
The CEPEA/ESALQ cotton index dropped 1.37 per cent by mid-August.
Brazil’s 2023-24 cotton area is set to expand by 16.9 per cent, while global production is expected to rise by 3.6 per cent in 2024-25.