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

Apparel/Garments | On 23rd Aug 2017

BRC welcomes clarity on goods flow during Brexit

British Retail Consortium (BRC) has welcomed the greater clarity that ...

Textiles | On 23rd Aug 2017

Kraig delivers first dragon silk fibre to medical firm

Kraig Biocraft Laboratories, Inc. a leading developer of genetically...

Information Technology | On 23rd Aug 2017

ThreadSol to organise Apparel Tech-Up in Bangladesh

ThreadSol, the pioneer in enterprise material management for sewn...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Urs Stalder
Sanitized AG

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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

August 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

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

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

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

Yes No

Active Poll

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

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

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

Active Poll

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

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


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