The scenario prior to the end of the month was linked to the gap between bidding and asking prices, which, in turn, was related to the quality of the cotton available in the market. When quality was high, agents disagreed about the available volume. While some agents believed cotton supply was already low, others claimed that there were still batches to be traded in the off-season period. In that scenario, liquidity was low in the Brazilian market.
However, later in the month, Brazilian cotton prices resumed increasing. Trading companies and cotton growers that were active in the market were firm in asking prices, keeping an eye on the fluctuations of international and dollar quotes and on the low supply of high-cotton-quality from the 2015-16 season. Besides, Brazilian sellers expect higher prices in the first semester of 2017.
During the second fortnight of November, few processors were seen interested in new cotton purchases in the spot market. On the other hand, trades involving cotton for delivery in 2017 were at a good pace. Dealers were more active in the spot market, buying and selling cotton batches.
In November, the CEPEA/ESALQ Index, with payment in 8 days, for cotton type 41-4, delivered in São Paulo, increased 4 per cent, closing at 2.6077 BRL ($0.77) per pound on November 30.
According to data from Brazilian Stock Exchange of Goods (BBM) tabulated by Cepea, 67.9 per cent of the 2015-16 Brazilian crop, estimated at 1.28 million tons, had been traded until late November. Of that total, 49.2 per cent was allocated to the Brazilian market and 50.8 per cent to the international market. Regarding the 2016-17 crop, estimated at 1.4 million tons, 23.1 per cent has been traded. Of that volume, 24.5 per cent was allocated to the domestic market and 75.5 per cent to the international market.
For the international market, even with the current dollar fluctuations, trades were at a good pace in November, involving cotton from the 2015-16 season (to export still in 2016) and from the 2016-17 crop. (RKS)
Fibre2Fashion News Desk – India
Textiles | On 24th May 2022
The exports of textiles and apparel from the United States were up by ...
International confederation Oxfam and independent foundation Laudes...
Apparel/Garments | On 24th May 2022
Bangladesh exporters fetched $1.3 billion from shipping home textiles ...
Textile Industry Head honchos
Instagram & fashion will go a long way together
Biggest learning was adaptability
Trainers faced immense challenges as most were not tech-savvy
Shivaani Jain
Established in 2015, Once Upon A Trunk is a one-stop-shop with almost...
Richard Armitage
Adaptive Control automates, controls and monitors machines, systems and...
Melissa McDermott
<span style="font-size: 12px;">Blue Bite was created to deliver the best...
Asif Rahman MIP
MIP is a manufacturer and distributor of high-performance textiles and...
Francesco Vergentini A.Celli Nonwovens
A.Celli Nonwovens offers a complete range of rewinders and rewinders...
Daniel Odermatt Ventile
Ventile is a registered trademark used to brand a special high-quality...
Najla & Cynthia Burt Label - Dur Doux
Renowned Washington DC based mother-daughter designer duo Najla and...
Teodora Mitrovska Label - T*MITROVSKA
T*MITROVSKA is a highly conceptual London-based brand playing with...
Meghana Goyal Label - Summer Somewhere
Summer Somewhere is a conscious clothing brand designed for every girl in...
Press Release
Letter to Editor
RSS Feed
Search Companies
editorial@fibre2fashion.com
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.
By submitting you confirm you have read our Terms & Conditions and Privacy Policy.