Home / Knowledge / News / Textiles / Brazilian cotton prices keep rising despite weak demand
Brazilian cotton prices keep rising despite weak demand
21
Sep '15
Prices of Brazilian cotton kept rising despite of weak demand in the domestic and global markets in the first fortnight of September.

"Low cotton availability, due to delays in harvesting and in ginning of the 2014/15 crop, as well as increases in export parity drove up cotton prices,” a report from CEPEA informed.

“For the upcoming weeks, agents are betting on stable prices or even declines,” the report said.

The CEPEA/ESALQ Index, for payment in 8 days, for cotton type 41-4, which includes freight to São Paulo city grew 2.90 per cent till the fifteen days to September 15.

Quoting statistics from the Brazilian Foreign Trade Secretariat (Secex), the report added that almost 50,000 tons were exported in August 2015, a massive 216 per cent surge when compared to July 2015.

But August 2015 exports were 47.8 per cent down than in August 2014, while revenues soared 246 per cent between July and August 2015 compared to the same period in 2014, totaling to $79.8 million.

“Year to date, revenue increased 4 per cent compared to the same period in 2014, totaling to $482 million this year,” it observed.

In the Brazilian currency, revenue increased 39.6 per cent, while average price rose 8.2 per cent. In volume, exports expanded 29.1 per cent between January and August 2015 vis-a-vis the same period of 2014.

However, from January to August 2015, Brazil imported 117,000 tons, down a steep 96 per cent versus the same period in 2014 and value too fell 94 per cent at $3.27 million. (AR)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Sonam & Paras Modi
SVA

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

Ritu Kumar
Label Ritu Kumar

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
January 2017

January 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