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

Brazilian cotton prices drop with buyers' retraction

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

Bangladesh apparel exports jump 20% in July–Oct 2018

Apparel/Garments | On 19th Nov 2018

Bangladesh apparel exports jump 20% in July–Oct 2018

Readymade garment exports from Bangladesh increased by 20.08 per cent ...

95% Britishers want shopping centres for all: Hammerson

Apparel/Garments | On 19th Nov 2018

95% Britishers want shopping centres for all: Hammerson

As many as 95 per cent of British people feel that shopping centres...

Courtesy: Hyosung

Textiles | On 19th Nov 2018

Hyosung leading global market with creora

Hyosung is leading the global market with ‘creora’, the brand name of ...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Nitin Soni, Dolphin Jingwei Machines

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Divyesh Mashruwala, Akshar Industries

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

John Kelley,

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Vikas Banduke,

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Karl Zelik, Vanderbilt University

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

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

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Bani Batra,

Bani Batra

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

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

November 2018

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

news category

Related Categories:

Advanced Search