Home / Knowledge / News / Textiles / Brazilian cotton prices seen recovering in early June
Brazilian cotton prices seen recovering in early June
04
Jul '15
According to a CEPEA Brazil report, Brazilian cotton prices were recovering in early June, driven by the need to purchase in the short-term and expectation of delay in availability of cotton in the new season.

“Purchasers with needs for prompt delivery, such as cotton processors in the northeastern and southern regions, were accepting asking prices of sellers,” the report said.

The CEPEA/ESALQ Index, for payment in 8 days, for cotton type 41-4 (including freight to São Paulo city) increased 3.56 per cent in the first fortnight of the month.

It closed at 2.1019 BRL per pound or $0.671 per pound on June 15, but if compared to its previous month, the price decreased 1.33 per cent.

CEPEA calculations showed that in the first half of June, export prices for shipment between July and December 2015 averaged $0.6867 per pound, down 1.21 per cent from the average in May 2015.

For shipments in the second quarter of 2016, the average stood at $0.7036 per pound, a drop of 2.6 per cent as against its previous month.

Between June 8 and 12, the export parity calculated by CEPEA for Free Alongside Ship (FAS) at Paranaguá port stood at 1.9334 BRL or $0.621 per pound.

This is a drop of 1.11 per cent when compared to its previous week ending June 5). In the same period, Cotlook A Index increased 0.21 per cent and the US dollar decreased 1.28 per cent vis-à-vis the real.

In the same period, the import parity released by National Company for Food Supply (CONAB), based on Cotlook A Index, CIF São Paulo averaged 2.5293 BRL or $0.813 dollar per pound.

The CONAB report released on June 11 upheld the last data that reduced Brazilian output by 13.1 per cent in 2015/16 compared to the 2014/15 crop, totaling 1.5 million tons.

CONAB said cotton acreage is expected to decline to just under one million hectares, down 12.8 per cent from its previous season and also forecast that yield will also marginally drop by 0.3 per cent.

Fibre2Fashion News Desk - India


Must ReadView All

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Ashok Desai
Bombay Textile Research Association

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marten Alkhagen
Swerea IVF AB

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Pranav Mishra
Huemn

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

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

July 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

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

Yes No

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

Yes No

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


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



X