Home / Knowledge / News / Textiles / Brazilian cotton market sees high liquidity this month
Brazilian cotton market sees high liquidity this month
19
May '16
Cotton trade was seen at high pace during the first fortnight of May in Brazilian market, but the upward bias weakend.

During April 29 to May 16, the CEPEA/ESALQ Index, with payment in 8 days, for cotton type 41-4, delivered in São Paulo, rose slight 0.7 per cent. On May 16, the price was 2.6866 BRL ($0.768) per pound.

Drop in international cotton market quotes like New York Board of Trades and Cotlook A attracted cotton trading companies back to the market, Cepea, the Sao Paulo University linked research centre, said in its latest fortnightly market analysis.

Some traders and merchants, however, were more flexible, decreasing asking prices, the report said.

Regarding purchasers, processors were active in the market, acquiring many small batches for quick delivery in May. Active purchasers and sellers agreed on the prices and deadlines, which averaged 10 days in the first week of the month – the highest was on May 6, averaging 12.76 days.

Meanwhile, the crop survey report released by the National Company for Food Supply, Conab, indicated new retraction in the Brazilian cotton output compared to March 2016, by 2.5 percentage points.

The Conab report estimated 2015-16 harvesting at 1.44 million tons, 7.8 per cent lower than the 2014-15 crop. Sowed area was 1.6 per cent smaller in the same comparison, pressed by the states in the Northeast. The expected Brazilian average productivity was 1,589 kg/ha, 6.2 per cent lower than previous season. (RKS)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mark Paterson
Technical Absorbents Ltd

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search