Home / Knowledge / News / Textiles / Brazilian cotton prices remain firm in June first week
Brazilian cotton prices remain firm in June first week
17
Jun '16
Cotton prices remained firm in the Brazilian spot market in the first week of June 2016, due to low availability of crop and the firm position of sellers.
 
Between May 31 and June 15, the CEPEA/ESALQ Index, with payment in 8 days, for cotton type 41-4, delivered in São Paulo, increased a slight 0.11 per cent, closing at 2.6907 BRL ($0.7776) per pound on June 15, Cepea, the Sao Paulo University linked research centre, said in its latest fortnightly market analysis.
 
However, very few trades were closed during the fortnight. But, observing the increases at the New York Board of Trade (ICE Futures) and the Cotlook A Index, trading companies closed many contracts for exports or “flex” (with the option for the Brazilian market) in early June, especially to be shipped in the second semester 2017.
 
Meanwhile, cotton growers preferred to wait for the beginning of harvesting to evaluate new sales. 
 
Data from Conab released in the first week of the month indicated that the Brazilian production from the 2015-16 crop might be 1.411 million tons, 9.71 per cent lower than in the previous season (2014-15). The estimated area is 958,500 hectares, 1.8 per cent smaller. Productivity may be 3.684 kilos per hectare.
 
Conab also estimated that consumption may amount 750,000 tons, 8.54 per cent lower than in the previous season. Imports were estimated to reach 20,000 tons, volume almost 10 fold the volume in 2014-15. Exports, however, may decrease 11.3 per cent to 740,000 tons. (RKS)
 

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Johan Berlin
InvestKonsult Sweden AB

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

Mark Paterson
Technical Absorbents Ltd

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sonam & Paras Modi
SVA

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search