Home / Knowledge / News / Textiles / Brazilian cotton quotes drop from decline in global prices
Brazilian cotton quotes drop from decline in global prices
22
Aug '16
The first fortnight of August 2016 witnessed a decline in Brazilian cotton quotes, following the sharp drop in international cotton prices.

“Brazilian cotton purchasers taking advantage of the movement, bought new batches for prompt delivery, which in turn hiked the pace of cotton trades,” CEPEA said.

However, cotton growers continued to stay firm on their asking prices, keeping in mind the low cotton production amid urge to accomplish contracts by sellers.

Quoting data from the Brazilian Commodity Exchange, CEPEA added that 73.4 per cent crop of the 2014/15 season, estimated at 1.563 million tons might have already been traded until August 15.

Of this total, 50.6 per cent was sold in the domestic market and the rest in the international market.

Between July 29 and August 15, the CEPEA/ESALQ Index, with payment in 8 days, for cotton type 41-4, delivered in São Paulo, dropped 3.07 per cent, closing at BRL 2.5687 or $0.81 per pound on August 15.

However, the average for the reporting fortnight at BRL 2.6301 or $0.82 per pound was still 1.26 per cent higher than that seen for July 2016. (AR)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mark Paterson
Technical Absorbents Ltd

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

Johan Berlin
InvestKonsult Sweden AB

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

Ritu Kumar
Label Ritu Kumar

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

Pranav Mishra
Huemn

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

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

news category


Related Categories:
March 2017

March 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