Home / Knowledge / News / Textiles / Decline in global cotton prices heighten trading in Brazil
Decline in global cotton prices heighten trading in Brazil
06
Sep '16
A decline in global cotton quotes in August 2016, led to heightened trading activity in the Brazilian cotton market, which too resulted in drop in Brazilian domestic cotton prices. Despite this, the average Brazilian cotton price was 15.5 per cent higher than export parity, which made sales in the domestic market more attractive than exports.

So, while trading companies made cotton available in the Brazilian market, most cotton growers were focused on accomplishing previous contracts. Growers also kept an eye on the failure of the cotton crop and also low quality of the first crop arrivals.

Between July 29 and August 31, the CEPEA/ESALQ Index, for payment in 8 days, for cotton type 41-4, delivered in São Paulo, dropped 6.67 per cent, closing at BRL 2.4564 or $0.762 per pound on August 31.

According to a calculation done by CEPEA on data from the Brazilian Commodity Exchange (BBM), 73.5 per cent of the 2014/15 crop, projected at 1.563 million tons, had already been traded till August. Of this, 50.7 per cent was sold in the domestic market and the rest in the international market.

With regards to the 2015/16 crop, estimated at 1.348 million tons, 53.5 per cent is projected to have been traded till August. Again, of this volume, 40.9 per cent was sold in the local market and the rest was exported. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

FDI to be hit if EU withdraws GSP benefit to Myanmar: DICA

Apparel/Garments | On 13th Nov 2018

FDI to be hit if EU withdraws GSP benefit to Myanmar: DICA

Foreign direct investments (FDI) in Myanmar will be hit if the...

British luxury brands eye US market post Brexit

Fashion | On 13th Nov 2018

British luxury brands eye US market post Brexit

British luxury brands are exploring the US market to forge new and...

UK parliament panel asks fast fashion firms for answers

Apparel/Garments | On 13th Nov 2018

UK parliament panel asks fast fashion firms for answers

The Environmental Audit Committee in the United Kingdom has called on ...

Interviews View All

C Kamatchisundaram, Voltas

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Top executives, Textile industry

Top executives
Textile industry

The foremost issue is bridging the skill gap

Nishank Patel, Shri Dinesh Mills Limited

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Umang Banthia,

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Karen Lou,

Karen Lou

Australia-based Sunseeker has been creating swimwear since 1970. Sunseeker ...

Carmen Silla,

Carmen Silla

Leading the transformation of the textiles industry with disruptive...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Kevin Nelson, TissueGen

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

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

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