Home / Knowledge / News / Textiles / Brazilian cotton prices maintain upward trend in March
Brazilian cotton prices maintain upward trend in March
04
Apr '13
In March, cotton prices kept the upward trend in the domestic market, opposite to the international scenario. In Brazil, the industry continued to operate, in an attempt to anticipate purchases before the off-season peak in the Cerrado region. In the international market, quotes show that the demand has not absorbed these increases.

In Brazil, despite successive price rises, quotes may still increase in the mid-term. In the accumulated of 2013, prices have already upped 34.1%, while in the same period last year, the increase was only 2.3%. Players expect quotes to keep the upward trend. The industry, in general, continues interested in the high-quality cotton, but its availability was low in late March. Some purchasers wanted to close trades to deliver during the harvesting, because they needed the high-quality product and feared that competition will be fierce at the beginning of the new crop.

Cotton growers, on the other hand, remained focused on the soybean trades and were unwilling to trade cotton. When they operated, they asked above-average prices.

Besides the soybean trades, producers were focused on agricultural practices in cotton crops, which were in good conditions, in general, at the end of the month. The dry weather affected crops in northern Minas Gerais State and, in Barreiras (Bahia State), besides the dry weather, caterpillars were attacking crops.

Logistics also affected trades in late March. Players have not been able to find trucks available to transport cotton, because truckers were prioritizing soybean transports.

In March, the CEPEA/ESALQ Index for cotton type 41-4 (delivered in São Paulo City, 8-day payment) picked up 13.86%, averaging 2.1694 reais (1.0728 dollar) per pound on March 28.

Center for Advanced Studies on Applied Economics (CEPEA)


Must ReadView All

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Courtesy: IVL

Textiles | On 26th Jul 2017

IVL completes PTA capacity expansion in Europe

Indorama Ventures Public Company Ltd (IVL), a global chemical...

Textiles | On 26th Jul 2017

Vietnam’s textile & garment exports cross $13bn in H1

Vietnam earned $13.... billion from textile and garment exports in...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Marcel Alberts
Eurofibers

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Judy Frater
Somaiya Kala Vidya

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

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