Home / Knowledge / News / Textiles / Brazilian cotton prices down from weakening demand
Brazilian cotton prices down from weakening demand
24
Oct '14
Weakening demand from cotton spinning mills in early October, led to cotton prices, resuming moving down in the Brazilian market.

Spinners are offering lower prices than those quoted by sellers, for even high-quality cotton, while also complaining about low quality of 2013/14 cotton crop available in the market.

A few cotton purchasers also refrained from buying, quoting slow movement of yarn sales, despite which, the yarn market has registered higher liquidity this month compared to the previous month.

Cotton producers are only focussing on delivering cotton contracted in earlier days. Some of them expect price rises in the off-season period, mainly for high-quality batches.

The CEPEA/ESALQ Index for cotton type 41-4 closed at 1.6606 BRL (0.6811 dollar) per pound on October 15, down 0.66% in the first fortnight of October.

Between October 13 and 17, the Cotlook A Index moved down 0.62% compared to the previous week ending Oct 10. In the same period, the dollar average increased 0.93%.

The export parity calculated by Cepea FAS (Free Alongside Ship) Paranaguá port averaged 1.4538 BRL per pound, up 0.32% compared to the previous week.

The import parity released by Conab, based on the Cotlook A Index, averaged 2.0327 reais per pound from October 13-17, up 0.54% from its previous week at a dollar average of 2.4311 BRL.

In its latest report, USDA raised the October estimate for India, China and Pakistan and reduced the forecast for the US and Brazil for the 2014/15 season.

Overall, USDA projected the 2014/15 cotton output at roughly 26 million tons, a rise of 1.1% from data released in September. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 26th Jun 2017

US initiates probe into PSF imported from 5 nations

The department of commerce of the US has initiated investigations for ...

Textiles | On 26th Jun 2017

USTR announces AGOA review for Rwanda, Tanzania & Uganda

The office of the US trade representative (USTR) has announced the...

Textiles | On 26th Jun 2017

Braskem invests in polypropylene production facility in US

The Board of Directors of Braskem, one of the largest producer of...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Suresh Patel
Sidwin Fabric

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

Eamonn Tighe
Nature Works LLC

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Jay Ramrakhiani
Occasions Elegance Wear

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, 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

news category


Related Categories:
June 2017

June 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