Home / Knowledge / News / Textiles / Brazilian cotton prices rise nearly 10% in April
Brazilian cotton prices rise nearly 10% in April
05
May '16
Firm demand, decrease in supply from important cotton growing countries like India, and China's possible interest for imports led to nearly 10 per cent increase in Brazilian cotton prices in April 2016.

The CEPEA/ESALQ Index, with payment in 8 days, for cotton type 41-4, delivered in São Paulo rose 9.66 per cent to 2.6680 BRL ($0.777) per pound on April 29.

The good performance of Brazilian cotton exports in the last few months and the lower output in the 2015 crop has resulted in reduced domestic stock, Cepea, the Sao Paulo University linked research centre, said in its latest market analysis.

The area under cotton cultivation this season is lower than the previous one. Further, the low volume of rainfall might hamper productivity. This might result in an even lower supply of cotton than the current estimate. As a result, Brazilian sellers were not very enthusiastic in April, as they counted on even more increase in prices in the following weeks and months.

The volume of cotton already traded this season is little less than the volume sold in the same period last year.

Considering the ending stocks of 348,900 tons in December 2015, as per data from the National Company for Food Supply, Conab, and exports estimated at 293,000 tons in 2016, only 55,900 tons would be available for the domestic market this year. This means a deficit of around 150,000 tons or a decrease of 60 per cent in domestic consumption, Cepea said. (RKS)

 

Fibre2Fashion News Desk – India


Must ReadView All

Apparel/Garments | On 27th Jun 2017

Vietnam to build fashion, textile, trading centres

Vietnam's Ho Chi Minh City will build large centres for designing...

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mohammad Hassan
Biax Fiberfilm

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Wendell Rodricks
Wendell Rodricks

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search