Home / Knowledge / News / Textiles / Brazilian cotton prices fall in early April
Brazilian cotton prices fall in early April
17
Apr '13
Brazilian cotton prices downed in early April, due to the low demand. This weakness in the demand is linked to the increase of domestic prices that is higher than in the international market, to the possibility of import and to the difficulty of textile mills to transfer price highs to cotton yarn.

From March 28 to April 15, the CEPEA/ESALQ Index for cotton type 41-4 (delivered in São Paulo City, 8-day payment) downed 2.91%, averaging 2.1061 reais (1.056 dollar) per pound on April 15.

Even without an immediately effect in the Brazilian market, the possibility of North American producers increase the cotton area starts to be considered by the market. The sharply decrease in corn prices and increases in cotton values are the reasons to enlarge the cotton cropped areas in the USA.

In Brazil, liquidity reduced in the second week of April, but, for a while, there were no data showing something that should change the movement of prices. Besides the lower cultivated area in Brazil, producers were expecting smaller yield in relation to the previous crop, due to the unfavorable weather and pest attacks.

Still, purchasers were unwilling to trade. These agents were waiting for a downward trend in cotton prices and expect the exemption of TEC (Common External Tariff).

In the Triângulo Mineiro and Northeastern Brazilian regions, caterpillar and pest attacked were hindrance of producers. In the North of Minas Gerais state, the drought damaged the crop. In other regions, on the other hand, crop has good development, but some farms in the Mato Grosso state were facing problems with pests and rains.

Data from Secex (Foreign Trade Secretariat) indicate that Brazil shipped 39.6 thousand tons of cotton in March 2013, 16.4% lower than in February and 38.1% above than in March 2013. The average price of exports was 0.8912 dollar per pound last month.

Center for Advanced Studies on Applied Economics (CEPEA)

Must ReadView All

Textiles | On 22nd Feb 2017

Bangladesh exporters want duty-free access to US, Brazil

Garment and apparel exporters of Bangladesh are seeking duty-free...

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Ritu Kumar
Label Ritu Kumar

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Bani Batra

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

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
February 2017

February 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