Home / Knowledge / News / Textiles / High global stocks weaken Brazilian cotton prices
High global stocks weaken Brazilian cotton prices
17
Feb '16
Cotton prices weakened in the first fortnight of February mainly because sellers were watchful of data pointing to increasing global ending stocks and decreasing demand.

“They also kept a close watch on dollar fluctuation against the Brazilian Real, which kept pressuring export parity,” CEPEA said in a press release.

“Thus, supply for the domestic market increased, despite which, purchasers were interested in trade batches of low volumes,” CEPEA observed.

In the first fortnight of the month, the CEPEA/ESALQ Index, with payment in 8 days, for cotton type 41-4, delivered in São Paulo, dropped 1.65 per cent and traded at 2.5766 BRL or $0.644 per pound on Feb 12.

Quoting data from CONAB, CEPEA added that Brazilian production of the 2015/16 crop may decrease by 3.6 per cent compared to the previous season and reach 1.51 million tons.

It also informed that acreage may be 10.6 per cent lower from the 2014/15 season, while productivity may reach 1,550 kilo per hectare. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

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...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Mohammad Hassan
Biax Fiberfilm

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

Mark Paterson
Technical Absorbents Ltd

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

Kerem Durdag
Biovation II LLC

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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