Home / Knowledge / News / Textiles / International values press Brazilian cotton prices down
International values press Brazilian cotton prices down
18
Jun '11
Cotton prices at ICE Futures (New York Board of Trade) took a tumble in the second week of June, mainly the short-term contracts, which involves the product from the previous crop. As a result, prices moved down in Brazil.

According to the USDA, the demand for the product from the United States of the previous season is reducing and the supply for the short-term was still limited until mid-June.

In Brazil, Conab (National Company for Food Supply) announced on June 8 that the Brazilian planted area should increase slightly, as well as yield and production of the 2010/11 season. The area may reach 1.391 million hectares; the yield, 1,475 kilos per hectare and the production, 2.051 million tons, increases of 65.9%, 2.9% and 70.7%, respectively, compared to the previous season.

Between May 31 to June 15, the CEPEA/ESALQ Index for cotton type 41-4 (delivered in São Paulo city, payment in 8 days) moved down 2.23%, to close at 2.2659 reais or 1.4161 dollar per pound on June 15.

While some Brazilian sellers were willing to trade in mid-June, industries remained reluctant to accept asking prices, which kept liquidity low. In general terms, however, purchasers were concerned with the large share the production this year traded in advance to the international market.

Data from Secex (Foreign Trade Secretariat) indicate that cotton shipments in May were 55.1% lower compared to that registered in April, amounting 3.6 million tons.

CEPEA - Center for Advanced Studies on Applied Economics is a research center of the University of São Paulo located at ESALQ in Piracicaba, State of São Paulo. It is focused on agribusiness issues considering a diversity of related subjects: market analysis and price discovery, international trade, macroeconomics, management strategies, environmental and social aspects, entrepreneurship and family farming.

CEPEA - Center for Advanced Studies on Applied Economics


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Neel Sawhney
One Friday

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

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mark Paterson
Technical Absorbents Ltd

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Yash P. Kotak
Bombay Hemp Company

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

Sonam & Paras Modi
SVA

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

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X