Home / Knowledge / News / Textiles / Brazilian cotton prices fall in November
Brazilian cotton prices fall in November
07
Dec '15
After witnessing four months of successive highs, the average cotton price for November was recorded below that in October, according to Cepea, a research centre of the University of São Paulo.

During November, cotton prices in the Brazilian market were pressured by sales that prevailed over purchases, Cepea said on its website. “In general, industries were retracted and liquidity was low. Trades closed were, basically, for small batches to meet demands in the short-term.”

In November, the CEPEA/ESALQ Index, with payment in 8 days, for cotton type 41-4, delivered in São Paulo, decreased 3.41 per cent. The monthly average, at 2.2923 BRL ($0.606) per pound, was 2.51 per cent below that in October 2015, but 26.84 per cent higher than that in November 2014 (values deflated by IGP-DI from October 2015).

Normally, during this period of the year, liquidity decreases in Brazilian market as many cotton spinning units give vacation to employees. However, owing to the weak development of the Brazilian economy, and consequently, of the textile sector, this vacation may get prolonged this year. Thus, industries are working, basically, with cotton traded previously.

According to Brazilian Commodity Exchange (BBM) data calculated by Cepea, 54.2 per cent of the 2014-15 crop, forecast at 1.53 million tons, had already been traded until November 30. From this total, 40.1 per cent was allocated to the domestic market and 59.9 per cent to the international market.

About 25.8 per cent of the 2015-16 cotton crop, forecast at 1.47 million tons, has already been traded, the website said. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

FPCCI prepares report on Pakistan’s export issues

Textiles | On 26th May 2018

FPCCI prepares report on Pakistan’s export issues

Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s...

Courtesy: Detego

Apparel/Garments | On 26th May 2018

Retailers adopting IoT strategies to monitor goods: Report

Retailers are adopting popular IoT strategies to more accurately...

European cities attracted 43% new brands in 2016: Report

Apparel/Garments | On 26th May 2018

European cities attracted 43% new brands in 2016: Report

European cities are the preferred new destination for international...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Vasanth Kumar
Max Fashion India

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

Paolo Crespi

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

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Giorgio Mantovani
Corman S.p.A

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Anisha Chaudhari
Threads & Shirts

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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


May 2018

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

news category


Related Categories:

Advanced Search