Home / Knowledge / News / Textiles / Cotton prices drop as supply up in Brazilian market
Cotton prices drop as supply up in Brazilian market
18
Jul '18
Cotton prices drop as supply up in Brazilian market
After hitting the highest level of 2018 in late June, cotton prices moved down in the Brazilian domestic market in the first fortnight of July. Decreases were linked to harvesting advances, which pushed up the availability of cotton in the Brazilian spot market, Center for Advanced Studies on Applied Economics (CEPEA) said in its latest fortnightly report.
 
between June 29 and July 13, the CEPEA/ESALQ cotton Index, with payment in 8 days, dropped 4.38 per cent, to close at 3.4455 BRL per pound on July 13, the report said.
 
Most of the cotton trades in early July were for immediate shipment and involved small volumes, according to data collected by CEPEA.
 
Meanwhile, manufacturing industry is expecting further drop in cotton prices as projections indicate good production. Hence, they purchased the fibre only to replenish inventories. Likewise, cotton dealers too closed new trades only when they were required to accomplish contracts.
 
In 2017-18, Brazilian cotton production is expected to reach 1.96 million tons, 28.5 per cent up compared to the previous season, according to data from the National Commodity Supply Corporation (Conab). The average yield may total 1,671 kilos per hectare (+2.6 per cent), while area under cotton cultivation has gone up by 25.2 per cent to 1.176 million hectares.
 
In Mato Grosso, Brazil’s largest cotton producing state, production is likely to amount 1.275 million tons, increasing 26.1 per cent compared to 2016-17 season, and yield may total 1,640 kilos per hectare. (RKS)
 

Fibre2Fashion News Desk – India


Must ReadView All

ASEAN ministers sign agreement on e-commerce

Apparel/Garments | On 17th Nov 2018

ASEAN ministers sign agreement on e-commerce

Member countries of the Association of Southeast Asian Nations...

UK Govt, fashion retailers sign agreement to fight slavery

Fashion | On 17th Nov 2018

UK Govt, fashion retailers sign agreement to fight slavery

John Lewis, M&S, New Look, NEXT, River Island and Shop Direct...

CNTAC delegation from China visits Pakistan

Textiles | On 17th Nov 2018

CNTAC delegation from China visits Pakistan

Chinese investors have expressed a desire to enter into joint...

Interviews View All

Sunil Rathore, Lacoste India

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Vidhyaa Shankar. S, A Ganapathi Chettiar

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Lucilla Booyzen,

Lucilla Booyzen

South African Fashion Week (SAFW) is a B2B marketing platform for fashion, ...

Rajat Jaipuria,

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Marcello Galvanin,

Marcello Galvanin

Galvanin has more than 50 years of experience in the production of textile ...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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


November 2018

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

news category


Related Categories:

Advanced Search