Home / Knowledge / News / Textiles / Downward trend remains in cotton market
Downward trend remains in cotton market
06
Jul '11
Cotton prices kept the downturn in the Brazilian market in June. The nearness of the Brazilian season and refrained purchasers pressed down quotes in the domestic market. Cotton supply was still small; however, some sellers have accepted to trade at lower prices. Moreover, many sellers wish to sell off the remaining batches of the 2009/10 season.

The Center for Advanced Studies on Applied Economics - CEPEA/ESALQ Index for cotton (delivered in São Paulo city, payment in 8 days) dropped 17.27% in the accumulated of June, closing at 1.9173 reais or 1.2274 dollar per pound on June 30.

In the Central-Western region, harvesting activities moved on and new batches of the 2010/11 crop have entered the market, but in dribs and drabs. Until late June, plants were still operating with the product from the 2009/10 season.

As a result, season advances and the interest in trading in the spot market should dictate the pace of trades in the Brazilian market in the near future. While some agents surveyed by Cepea expect cotton growers to increase sales to make cash flow, others seem to be unwilling to step up trading, since the accomplishment of contracts will be enough to make cash flow.

Demand, on the other hand, remained sluggish, and purchasers alleged difficulties to transfer prices to manufactured products.

Center for Advanced Studies on Applied Economics - CEPEA


Must ReadView All

Textiles | On 29th Jun 2017

Nan Ya files trade petition in US against Korea & Taiwan

Nan Ya Plastics Corporation, America, a US synthetic fibre producer,...

Textiles | On 29th Jun 2017

Indian textile industry will reach new milestone by 2020

By 2020, textile technologies will be highly advanced not only with...

Apparel/Garments | On 29th Jun 2017

Amazon intends to keep investing and growing in India

American online retail giant Amazon intends to keep investing and...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mohammad Hassan
Biax Fiberfilm

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

Karan Arora
Karan Arora

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

Ritu Kumar
Label Ritu Kumar

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

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

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



X