Home / Knowledge / News / Textiles / Brazilian cotton prices up 22.6% in 2016
Brazilian cotton prices up 22.6% in 2016
05
Jan '17
Following a 35 per cent increase in cotton prices in 2015, Brazilian cotton prices continued to rise in 2016, in which they grew 22.6 per cent over 2015. Cotton prices were primarily driven by low cotton supply in the local market from an unexpected crop failure in the 2015-16 season, while firm demand also pushed up quotes in the last four months.

In 2016, the highest monthly average for the CEPEA/ESALQ Index, with payment in 8 days, for cotton type 41-4, delivered in São Paulo was BRL 2.7405 or $0.7742 per pound in May, and the lowest at BRL 2.5023 or $0.7677 was observed in September.

According to data from the Brazilian Commodity Exchange (BBM), 71.7 per cent of the 2015/16 Brazilian cotton crop, estimated at 1.3 million tons, had been traded until December, of which 51 per cent was sold in the domestic market and the rest in the international market.

Quoting data from the Foreign Trade Secretariat (SECEX), between January and November 2016, 732,700 tons of cotton was exported, an increase of 7.1 per cent compared to the overall volume shipped in the whole of 2015. However, export revenue dropped 14.6 per cent year on year in dollar terms to $1.1 billion. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Vietnam's textile-garment export turnover $16 bn in H1 '18

Apparel/Garments | On 19th Jul 2018

Vietnam's textile-garment export turnover $16 bn in H1 '18

Vietnam is among the world's five biggest textile exporters and...

Courtesy:  Pratibha Syntex

Apparel/Garments | On 19th Jul 2018

India's Pratibha Syntex aims $200 mn sales revenue by 2020

Pratibha Syntex, with interests in fibre, spinning, knitting and...

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Textiles | On 19th Jul 2018

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Kenya will use a Sh6 billion loan from India’s Exim Bank to expand...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Paolo Crespi

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Paolo Ocleppo
Sandvik Hyperion

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ritu Kumar
Label Ritu Kumar

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

Sanjukta Dutta
Sanjukta's Studio

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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


July 2018

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

news category


Related Categories:

Advanced Search