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 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Nitin Bhatia
Trend Arrest

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

Eamonn Tighe
Nature Works LLC

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Steve Cole
Xerium Technologies

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

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

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
April 2017

April 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