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 6th Dec 2016

Garments, yarn export entitlement quota extended for 1 yr

Indian government has extended the export entitlement quota for...

Textiles | On 6th Dec 2016

Cash inflow will revive sales: Textile industry

The textile industry representatives are hopeful of revival of...

Courtesy: SIMA

Textiles | On 6th Dec 2016

Amma gave special attention for textile growth in TN: SIMA

Former Tamil Nadu chief minister J Jayalalithaa paid special...

Interviews View All

Binoy Ravjani
Hero's Fashion

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

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Wendell Rodricks
Wendell Rodricks

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Robert Brunner
Devereux

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

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
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search