Despite slight oscillations, cotton quotes dropped in the Brazilian market in the first fortnight of October, as sellers were either more active in the spot market or retracted, the Center for Advanced Studies on Applied Economics (CEPEA) said in its fortnightly report. New trades were hampered as most buyers bid lower quotes than offer prices.
Between September 29 and October 13, the CEPEA/ESALQ Index dropped 1.8 per cent, closing at 2.3718 BRL ($0.7527) per pound on October 13.
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