Home / Knowledge / News / Textiles / Cotton prices kept skyrocketing in February
Cotton prices kept skyrocketing in February
05
Mar '11
Cotton quotes went through the roof once again in February. In Brazil, the CEPEA/ESALQ Index for cotton type 41-4 (delivered in São Paulo city, payment in 8 days) is next to 4 reais (2.4 dollars) per pound. Brazilian producers were taking advantage of the current scenario by dictating the market, due to the limited supply. It is worth noting that cotton growers were not in need of cash flow in late February.

Purchasers seemed to have reached limits, preferring to postpone acquisitions and, in some cases, they were running their production at idle. They faced difficulties to transfer costs to manufactured products. Some companies have reduced purchases in more than 50%, due to the low supply.

In the accumulated of February, the CEPEA/ESALQ Index for cotton type 41-4 (delivered in São Paulo city, payment in 8 days) soared 11.25%, closing at 3.9861 reais or 2.3969 dollars per pound on Feb. 28.

In the international market, political and economic instabilities in the Middle East and in the North of Africa have concerned agents regarding the impacts on international trades in the end of the month. In spite of this scenario, prices increased in Brazil, mainly because of the firm position of producers.

Center for Advanced Studies on Applied Economics (CEPEA) is a research center of the University of São Paulo located at ESALQ in Piracicaba, State of São Paulo. It is focused on agribusiness issues considering a diversity of related subjects: market analysis and price discovery, international trade, macroeconomics, management strategies, environmental and social aspects, entrepreneurship and family farming.

Center for Advanced Studies on Applied Economics (CEPEA)

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Saket Garg
Garg Corporation

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

Marten Alkhagen
Swerea IVF AB

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

Larry L Kinn
Suominen Corporation

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Bani Batra

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Yash P. Kotak
Bombay Hemp Company

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

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:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search