Home / Knowledge / News / Textiles / Brazilian cotton prices drop with buyers' retraction

Brazilian cotton prices drop with buyers' retraction

19
Oct '18
Brazilian cotton prices drop with buyers
With flexible sellers and retraction from the buyers, cotton prices in Brazil reduced a bit in the first fortnight of October. From October 1 to October 15, the CEPEA/ESALQ cotton Index, with payment in 8 days, dropped 2.87 per cent, closing at 3.1044 BRL per pound. The trading pace has been slow in the Brazilian cotton market during that period.

Processors and traders were away from the spot market, either due to the lower quality of the batches supplied, or expecting new price drops. Regarding sellers, cotton farmers were not very active in the spot market, focusing on the delivery of the product previously purchased in both the domestic and the international markets, Center for Advanced Studies on Applied Economics (CEPEA) said in its latest fortnightly report on the Brazilian cotton market.

"Trading companies, in turn, were more active in the Brazilian market, attentive to the Real appreciation against dollar, at 7.59 per cent in the month (until Oct. 15)," said CEPEA report.

Conab (National Company for Food Supply) data has indicated that the area to be sown in the 2018/19 crop may increase between 8.2 and 20.4 per cent as compared to the previous season (2017/18). Thus, the Brazilian production may total from 2.08 to 2.32 million tons, an increase between 3.9 and 15.7 per cent. However, the average productivity is estimated at 1,639 kilos per hectare, 4 per cent down compared to the previous season.

In Mato Grosso, the main cotton producing province in Brazil, the area to be sown in the 2018/19 crop is estimated to be between 5 and 20 per cent than in the previous season, according

to data from Conab. Harvesting may reach from 1.35 to 1.55 million tons, higher by 5.3 - 20.3 per cent in the same comparison. In Bahia, the area sown may increase from 13.8 to 21.4 per cent compared to the 2016/17 season. Still, production may oscillate from -4.4 per cent to 2 per cent. The average productivity is forecast to decrease by 16 per cent. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 14th Jun 2021

Pakistan govt proposes tax relief in budget to boost industrial growth

Pakistan's latest budget aims to reduce the input cost of many...

Pic: Shutterstock

Apparel/Garments | On 14th Jun 2021

Prime Content| Vietnam’s apparel exports expected to rise in 2021: TexPro

Apparel exports of Vietnam are expected to increase from $14.96...

Pic: Shutterstock

Textiles | On 14th Jun 2021

Huge scope to strengthen textile value chain in West Africa: report

With only 2 per cent of the raw cotton grown in West Africa processed ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchain is not a silver bullet for each and every problem in supply...

Sanjay Jhunjhunwalla,

Sanjay Jhunjhunwalla

In the financial hub of eastern India, Kolkata, a humble production...

Zayed Moyeen,

Zayed Moyeen

Far East Knitting and Dyeing Industries LTD (FEKDIL) was established in...

Shivendra Nigam,

Shivendra Nigam

Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

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

Leave your Comments


June 2021

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


Advanced Search