Home / Knowledge / News / Textiles / Export parity underpinning Brazilian cotton prices: CEPEA
Export parity underpinning Brazilian cotton prices: CEPEA
Jun '15
After successive drops between the period May 5-26, 2015, export parity is underpinning Brazilian cotton prices mainly because of high exchange rate.

“In the last week, Brazilian cotton quotes were just 5 per cent above export parity, which had not occurred since mid-March,” CEPEA Brazil said in a report.

“Besides that, the domestic index returned to levels below the first contract at ICE Futures, which indicates that quotes might be stable in Brazil next days,” it added.

In May, the export parity calculated by CEPEA at Free Alongside Ship (FAS) terms at Paranaguá port, had an average of 1.9067 BRL per pound, an increase of 2.2 per cent compared to April 2015.

In nominal terms, in May, Cotlook A Index increased 1.6 per cent, while dollar was up 0.7 per cent as against the Real, when compared to the previous month.

The CEPEA/ESALQ Index (cash payment in dollar) retreated 4.1 per cent, when compared against the same period, averaging at 0.6779 dollar per pound.

“Even with lower prices, processors felt the impact of cotton prices increases in March and April,” the report observed.

“Besides, electricity was more expensive and enterprises were facing difficulties to adjust prices of manufactured products,” it informed.

The Foreign Trade Secretariat reported that until the end of third week of May, 1,100 tons were shipped daily, which was 60.2 per cent lower than the average of April 2015.

In revenue, the daily average stood at $1.6 million, 61.74 per cent down compared to the previous month when it amounted to $4.1 million.

According to the Secretariat, the average price in dollar in May dropped 3.9 per cent as against that in April 2015 at $1,438.8 per ton. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Amrit Sethia

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

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Jay Ramrakhiani
Occasions Elegance Wear

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

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search