巴西现货市场棉花价格小幅下跌

Cotton prices dip slightly in Brazilian spot market
Cottonprices fell slightly in the Brazilian spot market in the first fortnight of February as buyers were cautious the Center for Advanced Studies on Applied Economics (CEPEA) said in areport. Between January 31 and February 15, the CEPEA/ESALQ cotton Index, with payment in 8 days, dropped 0.25 per cent, closing at 2.9349 BRL per pound on February 15.
The price average in the first fortnight of February, at 2.9417 BRL per pound, is 0.7 per cent lower than that from January 2019.Only sometradedeals were finalised during the fortnight, that too in cases where purchasers accepted lower quality cotton, or sellers lowered asking prices. The varied quality among batches also limited new trades.
For the 2018-19 season, cotton production is expected to rise sharply due to 33 per cent increase in area, according to Conab (National Company for Food Supply). Harvesting may reach 2.564 million tons, 27.9 per cent up compared to the previous season. However, the average productivity is forecast to dip 3.0 per cent to 1,641 kilos per hectare.
译文如下：
巴西现货市场棉花价格小幅下跌
巴西应用经济学高级研究中心(CEPEA)在一份报告中表示，由于买家持谨慎态度，2月份前两周巴西现货市场棉花价格略有下跌。1月31日至2月15日期间，CEPEA/ESALQ棉花指数下跌0.25%，在2月15日收于每磅2.9349 雷亚尔。
2月份前两周的平均价格为每磅2.9417 雷亚尔，比2019年1月的价格低0.7%。
在这两周内，只有部分贸易协议得以敲定，在买家接受较低质量棉花或卖家降低要价的情况下也是如此。批次之间的质量差异也限制了新行业的发展。
根据国家食品供应公司(Conab)的数据，在2018-2019年度的棉花种植季节，由于种植面积增长33%，棉花产量预计将大幅上升。收获量可达256.4万吨，比上一季增加27.9%。然而，平均生产力预计将下降3.0%，至每公顷1641公斤。