Home / Knowledge / News / Textiles / Brazilian cotton players refrain from new trades: CEPEA
Brazilian cotton players refrain from new trades: CEPEA
23
Dec '14
According to CEPEA/ESALQ, most companies continue to refrain from closing new cotton trades due to the nearness of Christmas vacation.

Only a few players are operating in this end-of-the-year period in the Brazilian cotton market, it said.

The CEPEA/ESALQ Index for cotton type 41-4 closed at 1.6600 BRL (0.6177 dollar) per pound on December 15, for an increase of a marginal 0.65 per cent compared to November 28.

Cotton growers, in turn, are focused on closing contracts scheduled for the end of the year. At the same time, some trading companies are asking for higher prices, for both exports and the domestic market.

High dollar quotes compared to real (BRL) and increases of futures contracts at ICE Futures reinforced this position.

Between December 8 and 12, Cotlook A Index rose 1.52 per cent as compared to its previous week ending December 5.

In the same period, the dollar average picked up 2.05 per cent and the export parity calculated by Cepea FAS at Paranaguá port averaged 1.5077 BRL per pound, up 3.77 per cent compared to the previous week.

Conab released a new estimate about the Brazilian crop on December 10 and indicated that Brazilian output might drop 11.2 per cent as against the 2013/14 season, to 1.54 million tons.

Among 15 producing states, in only two, Maranhão and Piauí, production and planted area is expected to increase.

“The season reduction is attributed to high global stocks, which have pressed down domestic quotes,” Conab said.

The planted area may drop more than 10 per cent to some 1 million hectares, and the yield is expected to amount to 1,532 kilos per hectare.

Among major producing regions, Conab expects production declines in Mato Grosso at 12.5 per cent; Goiás at 11.5 per cent, Mato Grosso do Sul at 10.9 per cent and Bahia 8 per cent. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Prathyusha Garimella
Prathyusha Garimella

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

Pranav Mishra
Huemn

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

Karan Arora
Karan Arora

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

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