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Strong Brazilian Real affects denim export

14
Feb '06
Cotton denim mills were forced to concentrate on sales aimed at domestic apparel companies due to the rising of the Brazilian currency - Real.

This resulted in cotton denim sector recording a fall in exports for the second consecutive year in 2005.

Cotton fabric exports in 2005 were 33,756 tons, a 4.9 percent decline and the lowest recorded volume in several years.

Argentina turned out to be the biggest market with exports at 9,982 tons; a 14.1 percent rise.

Netherlands registered exports of 5,213 tons, showing a decline of 11.8 percent.

Paraguay and Chile recorded better export performance where as Venezuela and Colombia registered sharp decline.


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