Home / Knowledge / News / Textiles / New crop cause of sellers, buyers dispute in Brazil
New crop cause of sellers, buyers dispute in Brazil
18
May '17
With the development of cotton crops in the 2016/17 season coming to an end, Brazil’s Centre for Advanced Studies on Applied Economics has noted that nearness of the new crop increases dispute between purchasers and sellers. The harvesting period is approaching in many regions of the country. Liquidity, however, was low in the first fortnight of May.

While sellers were willing to trade the remaining batches from the 2015/16 season at firmer prices, purchasers were retracted, working with the product previously purchased, the centre said.

The development of crops has been satisfactory in almost all Brazilian regions and a good or excellent crop is expected. Thus, purchasers believe the entry of the new crop in the second semester may push down quotes. Sellers aim at selling a higher percentage of the output through contracts.

Between April 28 and May 15, the CEPEA/ESALQ Index, 8-day payment terms, for cotton type 41-4, delivered in São Paulo, increased a slight 0.14 per, closing at 2.7679 BRL (US $ 0.8906) per pound on May 15.

In April, 30.9 thousand tonnes of cotton were exported (Secex data), 4 per cent lower than in March/17 and 24.4 per cent down compared to the volume shipped in April/16.

From August/16 to April/17, exported shipments totaled 554.5 thousand tonnes, 36.3 per cent lower than that in the same period last season (between August/15 and April/16).

As for importations, Brazil purchased 4.8 thousand tonnes of cotton in April, 43.1 per cent lower than in March/17. However, from August/16 to April/17, the volume reached 29.5 thousand tonnes, much larger than 3.8 thousand tonnes from August/15 to April/16. (SV)

Fibre2Fashion News Desk – India


Interviews View All

Sanjay Desai & Ashish Mulani, True Colors

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Prabu Mohanram, Balavigna Weaving Mills Pvt Ltd

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Rahul Bhadani, Looksgud

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Teresa Neal,

Teresa Neal

Teresa Neal, an art professional with 25 years of experience, in...

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...

Xavier Martinez,

Xavier Martinez

CADT Software & Drafting was founded in Spain in 1987 by Josep...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

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

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired 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


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search