Home / Knowledge / News / Textiles / Purchasers retract from drop in Brazilian cotton prices
Purchasers retract from drop in Brazilian cotton prices
22
May '15
According to a CEPEA report, the drop in Brazilian cotton prices in early May led to purchasers retracting and sellers holding on to prices.

“This scenario led to a disparity between asking and selling prices, reducing liquidity in the domestic market and even trades involving cotton from the new crop were weak,” the report said.

The CEPEA/ESALQ Index, for cotton type 41-4 and for payment in 8 days, which includes freight to São Paulo city, dropped 3.9 per cent by closing at BRL 2.09 BRL per pound or $0.70 per pound on May 15.

Quoting Conab data, CEPEA added that Brazilian cotton output might reach 1.5 million tons in 2015-16, 13.2 per cent down then the previous crop, with planted area also falling 12.8 per cent over the same period.

The state of Mato Grosso which accounts for 60 per cent of Brazilian cotton output, Conab has forecast a harvest 14 per cent lower than the 2014/15 crop from a 12.3 per cent reduction in planted area.

For the second largest cotton producing state, Bahia, Conab has projected a 10.2 per cent drop, here too down from a 12 per cent dip in planted area, but with a yield increase of 2 per cent. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Silke Brand-Kirsch
Schlegel und Partner

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Pranav Mishra
Huemn

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search