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

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Eric Scholler
Groz-Beckert

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

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

Igor Chapurin
Chapurin

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

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