Home / Knowledge / News / Textiles / Cotton quotes continue to fall in Brazilian market
Cotton quotes continue to fall in Brazilian market
07
Nov '13
Cotton price drops in the international market remain pressing down values in Brazil. The decrease of the export parity and refrained purchasers also affect quotes.

In late October, producers were still firm, but dealers and traders were operating more and flexible in regard of prices – it is worth noting that stocks of these players were low.

Agents from the industry, in turn, expect quotes to continue to drop, and, therefore, they were out of the market and still processing the product in stocks. The recent dollar valuation, however, may hinder the pressure from purchasers, given that it may lead trading companies to be even firmer regarding values.

Due to recent decreases, domestic prices have been nearing the import parity, which reduces purchasers’ interest in Brazil. At the same time, at the end of the month, domestic prices were getting further of export parity, which, in turn, attracts sellers to trade in the domestic market.

The CEPEA/ESALQ Index for cotton type 41-4 dropped 2.14% in October, closing at 2.0899 reais (0.9367 dollar) per pound on Oct. 31.

As for the new crop, cotton growers are wrapping up planning activities. In Paraná, São Paulo and southern region of Mato Grosso do Sul, activities have already started.

In part of the Cerrado in Brazil, producers are anticipating the soybean planting, focusing on the cotton planting in the second crop. In general, the soybean planting is more advanced compared to previous years, which may favor the second cotton crop planting, in case weather conditions continue favorable.

Center for Advanced Studies on Applied Economics (CEPEA)

Must ReadView All

Textiles | On 1st May 2017

FESPA to showcase digital, screen, textile industries

Stage is set for FESPA 2017 at the Hamburg Messe, Germany during May...

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

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Eric Scholler
Groz-Beckert

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

Johan Berlin
InvestKonsult Sweden AB

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra
Huemn

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

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

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