Home / Knowledge / News / Textiles / Cotton prices oscillate in Brazilian market in November
Cotton prices oscillate in Brazilian market in November
20
Nov '17
Cotton prices oscillate in Brazilian market in November

Cotton prices oscillated slightly in the Brazilian market in the first fortnight of November, the Center for Advanced Studies on Applied Economics (CEPEA) said in its fortnightly report. Some traders were active, lowering asking prices, resulting in the CEPEA/ESALQ Index dropped 0.6 per cent since October 31, closing at 2.3940 BRL per pound on November 14.

 

“While purchasers were cautious to increase bidding prices, both growers and trading companies were firm in terms of asking prices. Thus, when processors needed the product, they had to be more flexible in order to acquire new batches, mainly involving high quality cotton – most batches had lower quality and were heterogeneous,” the CEPEA report said.

 

Other sellers, in turn, were attentive to the deliveries scheduled for November, both for the domestic and the international markets.

 

Processors have scheduled cotton deliveries for late 2017 and the first semester of 2018. Besides, agents have been trading cotton from the new season as well 2017-18. So, some growers were focused on both the exportation pace of previously closed contracts and field activities.

 

Meanwhile, data released by National Company for Food Supply (Conab) on November 9 estimate the area under cotton cultivation to increase between 6 per cent and 15.8 per cent in the 2017-18 crop, increasing production to something between 1.61 and 1.76 million tons, from 5.5 per cent to 15.3 per cent up compared to the 2016-17 crop. The average productivity is expected to be at 1,622 kilos per hectare, a slight 0.4 per cent down compared to the previous season.

 

In Mato Grosso, the main cotton growing region in Brazil, the area in the 2017-18 crop is expected to increase up to 10 per cent compared to the previous season. Harvesting is projected to be between 1.029 to 1.132 million tons, from 1.8 per cent to 12 per cent up in the same comparison. However, still according to Conab, the soybean sowing delay may influence the schedule forecast for the second crop cotton, limiting area increases. The ideal sowing period lasts until February 15.

 

In Bahia, area under cotton may increase from 245 to 271 hectares, 21.8 per cent to 34.6 per cent up compared to the 2016-17 crop. Hence, harvesting is expected to be between 388.6 to 429.6 million tons, from 12.2 per cent to 24.1 per cent up, despite the average productivity forecast at 1,583 kilos per hectare (down 7.8 per cent). (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Stone Island

Apparel/Garments | On 25th Jun 2018

Stone Island has mastered ingredient branding: Braind

Italian high-end men's apparel brand Stone Island tops the list of...

Courtesy: Tecnorama

Textiles | On 25th Jun 2018

'Tecnorama automatic dyeing system offers efficiency'

Italy based Tecnorama’s fully-automatic machinery for dispensing...

Courtesy: Lenzing

Textiles | On 25th Jun 2018

Lenzing launches Veocel nonwoven speciality brand

Leading fibre company, the Lenzing Group has unveiled Veocel, the new ...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Urmil Arya

Sushila International, a well established textile organisation established ...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Mark Paterson
Technical Absorbents Ltd

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

Paolo Ocleppo
Sandvik Hyperion

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Rupa Sood and Sharan Apparao
Nayaab

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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


June 2018

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

news category


Related Categories:

Advanced Search