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

Apparel/Garments | On 18th Feb 2017

Bangladesh apparel sector has 95% local investors: BGMEA

Over 95 per cent of the total investors in the Bangladesh apparel...

Textiles | On 18th Feb 2017

Smriti Irani resolves cutting of carpets issue at ports

During a meeting held with stake holders of the carpet weaving...

Apparel/Garments | On 18th Feb 2017

Andhra Pradesh inks MoUs to set up 12 apparel units

At the recent CII Partnership Summit held in Hyderabad, memorandum of ...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eric Scholler
Groz-Beckert

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Ritu Kumar
Label Ritu Kumar

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
February 2017

February 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