Home / Knowledge / News / Textiles / International trends affect Brazilian cotton prices
International trends affect Brazilian cotton prices
Sep '17
Taking cue from international market trend of falling cotton prices, the Brazilian market too showed downtrend in the first fortnight of September 2017. The CEPEA/ESALQ cotton Index increased at the beginning of the month due to the firm position of sellers in the domestic market. However, the Index dropped in the later part of the fortnight.
Between August 31 and September 15, the CEPEA/ESALQ Index dropped 2 per cent, and closed at 2.4120 BRL ($0.7743) per pound on September 15.
The drop in international prices was linked to the reduction of the negative expectations regarding the American crop (due to the hurricanes forecast for that country), according to Center for Advanced Studies on Applied Economics (Cepea) researchers.
In addition, a report released by the United States department of agriculture (USDA) on September 12 revised up estimates for production and inventories for the US. This brought down quotes at the New York Stock Exchange and in Brazil.
Meanwhile, the volume of cotton exported by Brazil expanded three-and-a-half-fold in August 2017 (over July 2017) to 68,000 tons, according to Secex. However, cumulative exports till August this year were 43.8 per cent year-on-year lower at 238,400 tons.
In August, cotton imports declined by a sharp 92.4 percent to 70.2 tons as against the previous month’s imports of 920.5 tons. Imports from January till August totaled 32,900 tons compared to 21,800 tons in the same period of 2016, registering a growth of 51 per cent.
For the 2016-17 season, cotton production in Brazil is estimated at 1.53 million tons, around 18.6 per cent higher than in the previous crop, according to the 10th crop survey released by National Company for Food Supply (Conab) earlier this month. The estimated rise in production is based on favourable weather in the main cotton producing regions of the country. Despite 1.7 per cent reduction in area under cotton, the average productivity is estimated at 1,629 kilo per hectare, 20.6 per cent up compared to the 2016-17 crop. (RKS)

Fibre2Fashion News Desk – India

Must ReadView All

Trump signs revised free trade agreement with S Korea

Textiles | On 25th Sep 2018

Trump signs revised free trade agreement with S Korea

President Donald Trump signed a revised free trade agreement with...

L-R: Jonathan Akeroyd, Donatella Versace, John D Idol. Courtesy: Rahi Rezvani

Fashion | On 25th Sep 2018

Michael Kors to acquire Versace; to be renamed Capri

Michael Kors Holdings Limited, a global fashion luxury group, has...

'India can take up lack of capacity in US, China markets'

Textiles | On 25th Sep 2018

'India can take up lack of capacity in US, China markets'

India can now take up the lack of capacity in the US and Chinese...

Interviews View All

Md Hanifur Rahman, Aman Group

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Karan Toshniwal, Orange O Tec

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Top executives, Retailers

Top executives

Weak rupee breeds inflation

C Dhandayuthapani,

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Sugandha Bhardwaj,

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Alfonso Marra, Klopman

Alfonso Marra

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Marcel Alberts, Eurofibers

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir

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

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

October 2018

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

news category

Related Categories:

Advanced Search