Home / Knowledge / News / Textiles / Industry need push up cotton prices in Brazil
Industry need push up cotton prices in Brazil
05
Sep '12
Center for Advanced Studies on Applied Economics (CEPEA) reports that in Brazil, cotton quotes continued to move up in late August due to the low supply and the need of the industry to purchase. Trades continued at a slow pace in the Brazilian market. 

In August, the CEPEA/ESALQ Index for cotton type 41-4 (delivered in São Paulo city, payment in 8 days) upped 6.05% and closed at 1.6787 real or 0.8269 dollar per pound on Aug. 31.
 
Cotton growers were refrained from trading and were focused on the accomplishment of contracts, mostly to export, which limited the supply in the spot market at the end of August. Cotton ginning was delayed and sellers were trading below-desirable quality cotton. 
 
The industry still needed to purchase most of the cotton necessary to keep the processing activities at the end of the month. In case estimates that Brazil exports more than 1 million cotton tons, the domestic demand reaches more than 900 thousand tons and that production amounts 1.9 million tons are confirmed, the supply and the demand might be counterbalanced, which may limit sharp price fluctuations. 
 
In the international scenario, in late August, the market started to be influenced by the smaller planted area with cotton in South America and possibly, in the world, in the next season. The higher profitability of grains (soybean/corn) may lead producers to change activities. China’s demand for cotton continued firm, though.

Center for Advanced Studies on Applied Economics (CEPEA)

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Eric Scholler
Groz-Beckert

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

Giorgio Mantovani
Corman S.p.A

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

Karan Arora
Karan Arora

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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:
April 2017

April 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