Home / Knowledge / News / Textiles / Brazilian cotton prices stabilise after 3 months

Brazilian cotton prices stabilise after 3 months

03
Oct '18
Brazilian cotton prices stabilise after 3 months
After a decline from June to early September, cotton prices in the Brazilian market stabilised in mid-September. Cotton supply, mainly of higher quality, was lower than demand in the Brazilian spot market in September, which underpinned quotes, despite the ongoing crop period, Center for Advanced Studies on Applied Economics (CEPEA) said.
 
From August 31 to September 28, the CEPEA/ESALQ cotton Index, with payment in 8 days, remained stable (+0.2 per cent), closing at 3.1962 BRL per pound on September 28. The Index averaged 3.1886 BRL per pound last month, i.e. 1.7 per cent lower than in August 2018.
 
During the second-half of September, trading companies showed little interest in selling cotton in the domestic market, and were focused on trades for export and at fixed values for the seasons 2018-19 and 2019-20.
 
Overall, the fierce competition between purchasers and sellers regarding prices and quality limited trades and led to the purchases of small amounts. CEPEA said in its latest fortnightly report on the Brazilian cotton market.
 
Meanwhile, cotton harvesting of 2017-18 crop has completed in Mato Grosso, the main cotton producing province in Brazil, according to Instituto Mercosul de Estudos Avançados (Imea or Mercosur Institute of Advanced Studies). (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: I Love Coffee dot Today / Shutterstock.com

Apparel/Garments | On 7th May 2021

Cambodia's garment exports fall 6.43% in Q1 2021

The value of exports of garments and accessories from the Southeast...

Pic: Sateri

Textiles | On 7th May 2021

Chinese firm Sateri acquires Funing Aoyang's viscose fibre business

Sateri, the world's largest producer of viscose fibre, has entered...

Pic: Shutterstock

Textiles | On 7th May 2021

Korea-based Hanwha Total to expand PP production capacity by 60%

Petrochemical company Hanwha Total Petrochemical (HTC) has invested...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Textile Industry, Head honchos

Textile Industry
Head honchos

The pandemic has reinstated need for organised retail spaces in Tier II...

Textile Industry, Head honchos

Textile Industry
Head honchos

Tech in fashion industry has hit acceleration button

Harleen Kaur,

Harleen Kaur

Established in 2017 and headquartered New York, the label Harleen Kaur...

Mumin Can Eker,

Mumin Can Eker

Maseksport Inc is a readymade garment exporter. Founded in Izmir in 1989,...

Sanjay Jhunjhunwalla,

Sanjay Jhunjhunwalla

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

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

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

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

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


May 2021

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


Advanced Search