Brazilian cotton prices opened August moving up, supported by the smaller supply. In the end of the month, however, the situation inverted, with a larger supply and retreated buyers. Even so, the CEPEA/ESALQ Index for cotton upped 6 percent in the month, closing the period around 0.61 dollar a pound.
Exports keep moving at a slow pace. Contracts were settled in the end of the month at 0.5745 dollar a pound for the cotton from 2006/07 crop season and at 0.5878 dollar a pound for 2007/08 one.