Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Textiles / Cotton prices show upward trend in Brazilian market
Cotton prices show upward trend in Brazilian market
18
Mar '18
Cotton prices showed upward momentum in the Brazilian market in the first half of March, as sellers were unwilling to lower their asking prices. Between February 28 and March 15, the Center for Advanced Studies on Applied Economics/Luiz de Queiroz College of Agriculture (CEPEA/ESALQ) cotton Index rose 5.9 per cent, ending at 3.0091 BRL per pound on March 15.
 
Owing to stiff stance taken by sellers, “purchasers who needed cotton for prompt-delivery had to increase bidding prices in order to close trades. Some other processors, in turn, were cautious regarding purchases of new batches in the spot market, claiming difficulty to pass on the price rises of cotton to the by-products,” CEPEA said in its latest fortnightly report on Brazilian cotton market.
 
Meanwhile, Brazil’s national supply company Conab has increased its estimate of area to be sown with cotton to 1.143 million hectares, up 21.8 per cent from 2016-17 season. As a result, volume of cotton produced may reach 1.855 million tons in 2017-18, up 21.3 per cent from the previous season. Yield per hectare is likely to be 1,629 kilos.
 
In Mato Grosso, the main cotton growing region in Brazil, 2017-18 cotton area is forecast to increase by 18.9 per cent compared to last season to 746,500 hectares. Output is expected to increase by 21.1 per cent to 1.224 million tons.
 
In international trade, Brazil’s cotton exports decreased 31.3 per cent during January-February this year to 54,300 tons, according to data from the secretariat of foreign trade (SECEX). (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

AmCham Cambodia cautions US against possible sanctions

Apparel/Garments | On 22nd Sep 2018

AmCham Cambodia cautions US against possible sanctions

In a letter to US lawmakers, the American Chamber of Commerce...

Courtesy: ycloset

Apparel/Garments | On 22nd Sep 2018

Alibaba invests in clothes sharing platform Ycloset

Chinese garment sharing platform YCloset has completed an undisclosed ...

KG cracker; courtesy: Ineos

Textiles | On 22nd Sep 2018

Ineos to invest £60 mn in the UK to expand production

Ineos has announced plans to invest £60 million to expand its...

Interviews View All

Nishank Patel, Shri Dinesh Mills Limited

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Pinkesh Jain, Everflow Petrofils Ltd

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Frank Gossmann, Rotorcraft AG

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Deepprakash Agrawal,

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Tejas N Patel, Navin D Patel,

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

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

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

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

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

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


September 2018

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

news category


Related Categories:

Advanced Search