Home / Knowledge / News / Textiles / Cotton prices continue upward trend in Brazilian market
Cotton prices continue upward trend in Brazilian market
19
Jun '18
Cotton prices continue upward trend in Brazilian market
Cotton prices continued to rise in Brazil in the first fortnight of June due to low supply from the 2016-17 and the 2017-18 crops in the spot market. Between May 30 and June 15, the Center for Advanced Studies on Applied Economics/Luiz de Queiroz College of Agriculture (CEPEA/ESALQ) cotton Index rose 1.1 per cent, closing at 3.7898 BRL per pound on June 15.
 
During the fortnight, some processors were out of the market as they were expecting the harvesting to advance, which will result in increased domestic supply and the delivery pace, CEPEA said in its latest fortnightly report on the Brazilian cotton market.
 
Processors also claimed that they were facing difficulty in passing on cotton price rise to finished products. So, some of them were working with the cotton previously purchased, while others were indulging in yarn trade. Uncertainties regarding freight prices for now and the future further added to their woes.
 
However, price rise is not likely to sustain in the long run as Brazil’s cotton output in 2017-18 season is forecast to total 1.959 million tons, which will be a sharp 28.1 per cent jump above the total production in 2016-17 season, according to Conab (National Company for Food Supply).
 
The expected increase in volume is due to a 25.2 per cent increase in area sown with cotton (1.176 million hectares) and 2.3 per cent higher productivity (at 1,666 kg per hectare) compared to the 2016/17 season.
 
Meanwhile, cotton exports from Brazil decreased for the seventh consecutive month in May 2018, according to data from Secex (the secretariat of foreign trade). May shipments were down 35.4 per cent to 18,500 tons compared to April 2018, and 5.6 per cent less compared to 19,600 tons of cotton exported in May 2017. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

India's Kay Ventures aims to turn Karur into knitwear hub

Apparel/Garments | On 20th Aug 2018

India's Kay Ventures aims to turn Karur into knitwear hub

India’s Kay Ventures has teamed up with Hydra Micro Business...

Uzbekistan-China meeting discusses textile cooperation

Textiles | On 20th Aug 2018

Uzbekistan-China meeting discusses textile cooperation

A meeting of the Uzbek-Chinese business forum on cooperation in the...

Moldova wooing Indian investors in textiles, agriculture

Textiles | On 20th Aug 2018

Moldova wooing Indian investors in textiles, agriculture

Moldova is wooing Indian investors in textiles, agriculture and a few ...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Pierre Wiertz
EDANA

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Sandeep and Sarah Shaikh Gonsalves
SS Homme

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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