Home / Knowledge / News / Textiles / Brazilian Cotton Index CEPEA/ESALQ dips marginally in June
Brazilian Cotton Index CEPEA/ESALQ dips marginally in June
20
Jun '14
Brazilian cotton prices are downing in June. From May 30 to June 13, the CEPEA/ESALQ Index for cotton type 41-4 decreased 1% and closed at 1.9101 real (0.8565 dollar) per pound on June 13. 
 
Most growers is unwilling to trade. Nevertheless, with the current price decreases, Brazilian values are closer to the export parity – in early June, the difference between Brazilian and international values was only 9%, the lowest in a year.
 
Besides, Brazilian prices, in dollar, is lower than the Cotllok A since March 2014 and below than the first contract in the New York Board of Trade (ICE Futures) since May 2014. This scenario is taking grower's attention, because it should attract importers.
 
In general, Brazilian agents are waiting the harvesting activities in Cerrado region to start to trade. For the time being, sellers are more willing to trade than purchasers – some cotton producers wants to sell off their stock.
 
Between June 2 and 6, the index for Cotlook A increased 1.06% in relation to the previous week (May 27-30). In the same period, the dollar average upped 1.57%. The export parity calculated by Cepea FAS (Free Alongside Ship) Paranaguá port averaged 1.7674 real per pound, upping 2.75% compared to the previous. 
 
Regarding global supply and demand, data from Icac (International Cotton Advisory Committee) indicates that world trades should decrease 8% in the 2014/15 season, due to the low China’s purchases. Consumption might increase 3% in the 2014/15 crop (to 24.2 million tons). Global stock should increase 5%, going to 20.9 million tons. 

CEPEA


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

July 2017

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

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

Yes No

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

Yes No

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


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



X