Home / Knowledge / News / Textiles / Brazilian cotton prices rise nearly 10% in April
Brazilian cotton prices rise nearly 10% in April
05
May '16
Firm demand, decrease in supply from important cotton growing countries like India, and China's possible interest for imports led to nearly 10 per cent increase in Brazilian cotton prices in April 2016.

The CEPEA/ESALQ Index, with payment in 8 days, for cotton type 41-4, delivered in São Paulo rose 9.66 per cent to 2.6680 BRL ($0.777) per pound on April 29.

The good performance of Brazilian cotton exports in the last few months and the lower output in the 2015 crop has resulted in reduced domestic stock, Cepea, the Sao Paulo University linked research centre, said in its latest market analysis.

The area under cotton cultivation this season is lower than the previous one. Further, the low volume of rainfall might hamper productivity. This might result in an even lower supply of cotton than the current estimate. As a result, Brazilian sellers were not very enthusiastic in April, as they counted on even more increase in prices in the following weeks and months.

The volume of cotton already traded this season is little less than the volume sold in the same period last year.

Considering the ending stocks of 348,900 tons in December 2015, as per data from the National Company for Food Supply, Conab, and exports estimated at 293,000 tons in 2016, only 55,900 tons would be available for the domestic market this year. This means a deficit of around 150,000 tons or a decrease of 60 per cent in domestic consumption, Cepea said. (RKS)

 

Fibre2Fashion News Desk – India


Must ReadView All

New US alliance to promote postal package delivery service

Textiles | On 15th Aug 2018

New US alliance to promote postal package delivery service

A group of US retailing, e-commerce and logistics firms recently...

Courtesy: Industriall Union

Apparel/Garments | On 15th Aug 2018

IndustriALL-Esprit agreement to improve workers' rights

IndustriALL Global Union recently signed a global framework agreement ...

Indian minister orders fresh consultations on e-com policy

Textiles | On 15th Aug 2018

Indian minister orders fresh consultations on e-com policy

Indian commerce and industry minister Suresh Prabhu has asked for...

Interviews View All

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

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


August 2018

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

news category


Related Categories:

Advanced Search