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

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Apparel/Garments | On 19th Jan 2017

Asahi Kasei to display sustainable fibre at trade shows

Asahi Kasei, specialty Japanese fibre producer, will be displaying...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Amit Jain
Shingora Textiles Ltd

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

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag
Biovation II LLC

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Pranav Mishra
Huemn

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search