Home / Knowledge / News / Textiles / Lower economy presses down cotton market in Brazil
Lower economy presses down cotton market in Brazil
07
Jun '12
Center for Advanced Studies on Applied Economics (CEPEA) reported that in May, the world cotton market was again influenced by unfavorable macroeconomic conditions. Players expected economies to recover, which would relieve pressure on high ending stocks forecast for both the current and next seasons. In the Brazilian market, liquidity has not increased, and purchasers postponed trades, expecting more significant price drops.

In May, the CEPEA/ESALQ Index for cotton type 41-4 (delivered in São Paulo city, payment in 8 days) dropped 3.43% and closed at 1.5420 real or 0.7645 dollar per pound on May 31. Trades in Brazil were limited in late May because of the low quality of the cotton available in the market.

Only some purchasers who have immediate needs to trade have operated in the market. Most agents expected more price decreases in the short-run; therefore, they continued refrained from trading.

Producers, in turn, have offered some batches at lower prices. In general terms, sellers were focused on the harvesting activities and traded other products, such as grains.

Mato Grosso and Mato Grosso do Sul states registered a large amount of rains in May, compared to the same period of previous years. Consequently, harvesting activities were delayed and cotton growers in those regions were concerned with the quality and the yield.

Center for Advanced Studies on Applied Economics (CEPEA)

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Larry L Kinn
Suominen Corporation

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Madhu Jain
Madhu Jain

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

Pranav Mishra
Huemn

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

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:
May 2017

May 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