Home / Knowledge / News / Textiles / Liquidity remains low in Brazilian cotton market
Liquidity remains low in Brazilian cotton market
08
Nov '12
Center for Advanced Studies on Applied Economics (CEPEA) reported that due to the holiday of the All Soul’s Day in Brazil on November 2, and the low liquidity in previous weeks, most players continued refrained from closing new trades in the Brazilian cotton market in late October. Despite low liquidity, supply was capped in the period because producers prefer to trade only in the off-season period. Producers continued firm regarding asking prices and were focused on the accomplishment of contracts.

Several processing companies have inventories until the year end and, therefore, were unwilling to close prompt-delivery trades, giving preference to trades for delivery after January 2013. 
 
In October, the CEPEA/ESALQ Index for cotton type 41-4 (delivered in São Paulo city, payment in 8 days) decreased 0.73% and closed at 1.5673 real or 0.7720 dollar per pound on Oct. 31.
 
The monthly average of the index compared to international prices may explain why sellers were refrained. While the Index dropped 6%, in Reais and in dollar, averaging 0.7592 dollar per pound (for immediate payment), the index for Cotlook A averaged 0.8196 dollar per pound, for a decrease of 2.6%, and the first contract at ICE Futures averaged 0.7253 dollar per pound, dropping 1%. 

Center for Advanced Studies on Applied Economics (CEPEA)


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Anshul Sood
Oceedee

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

Eric Scholler
Groz-Beckert

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marcel Alberts
Eurofibers

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Ritu Kumar
Label Ritu Kumar

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

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