Home / Knowledge / News / Textiles / Brazilian cotton prices continue to rise in Sept
Brazilian cotton prices continue to rise in Sept
07
Oct '16
Driven by rise in Ice Futures at the New York Stock Exchange, Brazilian cotton prices continued to increase in late September. Cotton prices also grew on expectations of low cotton availability until the beginning of harvesting of the new crop. Besides, cotton buyers too expressed higher interest in purchasing, while sellers remained firm in asking prices.

The CEPEA/ESALQ Index for payment in 8 days, for cotton type 41-4, delivered in São Paulo, increased 2.77 per cent, closing at BRL 2.5244 or $0.7764 per pound on September 30.

Quoting data from the Brazilian Commodity Exchange, CEPEA said 73.8 per cent of the Brazilian 2014/15 cotton crop, forecast at 1.563 million tons, had already been traded until late September. Of this volume, 50.8 per cent was sold in the domestic market and the rest in the international market.

With regards to the 2015/16 crop, projected at 1.289 million tons, 60.4 per cent had already been traded in September. Of this total, 43.9 per cent was sold in the local market and the rest in the global markets. (AR)

 

Fibre2Fashion News Desk – India


Must ReadView All

Pakistan’s FBR imposes 5% sales tax on cotton import

Textiles | On 21st Jul 2018

Pakistan’s FBR imposes 5% sales tax on cotton import

Pakistan’s Federal Board of Revenue recently withdrew sales tax...

Bangladesh drafts policy for Tk1,000 cr govt jute fund

Textiles | On 21st Jul 2018

Bangladesh drafts policy for Tk1,000 cr govt jute fund

Bangladesh will set up a Tk10,000-crore Jute Sector Development Fund...

Ahmad A. Al Sa’adi and Kwon Pyung-Oh display a comprehensive Memorandum of Understanding; Courtesy: Saudi Aramco

Textiles | On 21st Jul 2018

Saudi Aramco, KOTRA sign MoU for business cooperation

Saudi Aramco has signed an MoU with the Korea Trade-Investment...

Interviews View All

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Abhishek Pachauri

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

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Mark Paterson
Technical Absorbents Ltd

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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


July 2018

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

news category


Related Categories:

Advanced Search