Home / Knowledge / News / Textiles / CEPEA/ESALQ cotton index remains in downturn
CEPEA/ESALQ cotton index remains in downturn
18
May '11
The Center for Advanced Studies on Applied Economics - CEPEA/ESALQ Index for cotton registered on May 4 the highest oscillation ever verified by Cepea for commodity: a decrease of 14.4%. In only one day, the product devalued 40 cents of real per pound. As a result, between April 29 to May 13, the CEPEA/ESALQ Index for cotton type 41-4 (delivered in São Paulo city, payment in 8 days) moved down 25.36%, to close at 2.1909 reais or 1.3416 dollar per pound on May 13.

The nearness of the season and drops in import and export parities played an important role in pushing down quotes. Purchasers have been more prudent in their acquisitions since March. As a result, sellers were more flexible when selling off batches of the 2009/10 season.

The pace of trades stepped up in early May. However, the volume traded was still not expressive.

In both Brazilian and international markets, recent drops were influenced by refrained purchasers. Because of highs observed in previous months, values reached levels that hindered trades. These price changes are a process to adjust to levels that are attractive for purchasers and profitable for producers.

According to data from ICAC (International Cotton Advisory Committee), the demand for cotton in the 2010/11 season might remain stable compared to the 2009/10 season, at 25.1 million tons. For the 2011/12 season, a small growth is expected, amounting 25.8 million tons.

Icac also forecasts an increase of 11% in the production, hitting a record of 27.6 million tons in 2011/12. The above-the-demand world production will favor ending stocks to increase to 10.1 million tons (ICAC).

CEPEA - Center for Advanced Studies on Applied Economics

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Urs Stalder
Sanitized AG

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mark Paterson
Technical Absorbents Ltd

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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