Home / Knowledge / News / Textiles / Brazilian cotton index dips 3.75% in May first fortnight
Brazilian cotton index dips 3.75% in May first fortnight
21
May '14
Cotton values continue to decrease in the Brazilian market, pressed down by the smaller export and import parities. Besides, most sellers are willing to sell-off stocks from previous crops, which refer to lower-quality product, most of times.
 
In the first fortnight of May, the CEPEA/ESALQ Index for cotton type 41-4 moved down 3.75% and closed at 1.9381 real (0.8722 dollar) per pound on May 15.
 
In general, in spite of the higher number of agents operating in the market, the pace of trades continues sluggish. Despite the higher intention to sell, asking prices are far from bidding values. The low quality of some batches also limits liquidity.
 
From May 6-9, the index for Cotlook A moved up 0.32% in relation to the previous week (April 28-May 2). The dollar average was 0.45% lower than in the week before. The export parity calculated by Cepea FAS (Free Alongside Ship) Paranaguá port averaged 1.7996 real per pound, downing 0.13% compared to the previous. 
 
Conab data released on May 8 indicate that the Brazilian production of cotton might total 1.65 million tons in the 2013/14 crop, for an increase of 26.3% in relation to the previous – a result of the area increase, which changed to 1.09 million hectares.
 

CEPEA

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silke Brand-Kirsch
Schlegel und Partner

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

Judy Frater
Somaiya Kala Vidya

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

Pranav Mishra
Huemn

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

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
March 2017

March 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