Home / Knowledge / News / Textiles / Cotton trade continues at slow pace in Brazil
Cotton trade continues at slow pace in Brazil
23
Nov '13
Cotton trades were still moving at a slow pace in the Brazilian market in the first fortnight of November. In general terms, the current scenario does not indicate changes. In the second week of the month, the dollar valuation against real, which pushes up parities, and decreases of international prices led players to be careful. 
 
On November 18, on the other hand, dollar quotes closed at 2.268 reais, a significant decrease of 2.24% in relation to Nov. 14, which brings even more uncertainties – it is worth noting that dollar quotes hit 2.3350 reais on Nov. 11. Prices in Brazil, however, are still firm.
 
On one hand, the cotton supply in the 2012/13 season was low and sellers were refrained in early November. Producers were focused on the wrapping up of 2013/14 crop planning and the soybean planting. Only a few cotton growers were operating and offering batches at high prices.
 
Concerning purchasers, many of them have stocks and, therefore, they buy only under immediate needs. This pattern of behavior is seen since they are expecting price drops in Brazil, which is based on the possible supply increase in the USA. Many companies say that they do not have high-quality cotton.
 
Between October 31 and November 18, the CEPEA/ESALQ Index for cotton type 41-4 decreased only 0.09% and closed at 2.0881 real (0.9206 dollar) per pound on Nov. 18. 
In a report released on Nov 8, the USDA indicated that the world cotton production in the 2013/14 season may decrease 4.8%, to 25.5 million tons. The consumption, in turn, may increase 2.3%, to 23.9 million tons.
 
In Brazil, Conab (National Company for Food Supply) data released on November 8 indicated that the cotton production may total 1.63 million tons in the 2013/14 crop. The domestic consumption is estimated at 920 thousand tons and exports, at 540 thousand tons. Conab revised upwards exports forecasts for 2013, to 560 thousand tons, and reduced projections for 2014.
 
In October, cotton exports totaled 96.7 thousand tons, 18.5% more than in the month before, but 48.5% smaller in relation to October/12 – Secex (Foreign Trade Secretariat) data. The average price to export was 1.9110 real per pound, 4.7% below that in September and 2.8% higher compared to Oct/12.
 
In the partial of the year, Brazil shipped 472.1 thousand tons, 42.4% below the volume shipped in the same period of 2012. Considering the volume accumulated in 12 months, exports have totaled 705.4 thousand tons, the smallest since November 2011 (accumulated between Dec/10 and Nov/11).
 

Center for Advanced Studies on Applied Economics (CEPEA)


Must ReadView All

US announces final CVD on fine denier PSF from China, India

Textiles | On 19th Jan 2018

US announces final CVD on fine denier PSF from China, India

The US secretary of commerce Wilbur Ross recently announced the...

EU consumers to gain from cheaper, safer, better e-payments

Apparel/Garments | On 19th Jan 2018

EU consumers to gain from cheaper, safer, better e-payments

European consumers can now reap the full benefits of paying online...

Courtesy: Epson

Textiles | On 19th Jan 2018

Epson's new SC F2100 enhances DTG printing

Epson, a leader in inkjet printers and digital textile printing...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Steve Cole
Xerium Technologies

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

Silke Brand-Kirsch
Schlegel und Partner

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

Suresh Patel
Sidwin Fabric

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

Judy Frater
Somaiya Kala Vidya

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

Silvia Venturini Fendi
Fendi s.r.l

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

Mike Hoffman
Gildan Activewear SRL

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

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

January 2018

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search