Home / Knowledge / News / Textiles / Brazil's June cotton imports soar 177% over May
Brazil's June cotton imports soar 177% over May
21
Jul '16
In June 2016, Brazilian cotton imports totaled 655,000 tons, a massive rise of 177 per cent over its previous month, where it stood at 236,000 tons and also much higher than 158,000 tons in June 2015.

As per data from the Foreign Trade Secretariat (SECEX), Brazilian cotton exports however dropped in June for the sixth consecutive month and were down 1.8 per cent from May 2016.

But, in the first six months of 2016, global sales were still 42.9 per cent higher compared to the same period of the previous year.

In the first fortnight of July, Brazilian cotton prices dropped mainly due to higher supply and depressed demand for the commodity.

The harvesting of the new 2015/16 crop advanced at a slow pace in the fortnight ending July 15, however, supply of cotton from growers and trading companies was made at a higher pace.

But, cotton users purchased volume necessary to meet immediate demands, with the expectation that an increase of cotton supply in the upcoming weeks, will press down quotes.

According to CEPEA, a few cotton export trades too were closed in the period, especially for shipments in the second quarter of 2017.

In the reporting period, the CEPEA/ESALQ Index for cotton type 41-4, for payment in 8 days and delivered in São Paulo, was down 3.87 per cent closing at BRL 2.5559 or $0.7864 per pound on July 15. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search