Home / Knowledge / News / Textiles / Industry need push up cotton prices in Brazil
Industry need push up cotton prices in Brazil
05
Sep '12
Center for Advanced Studies on Applied Economics (CEPEA) reports that in Brazil, cotton quotes continued to move up in late August due to the low supply and the need of the industry to purchase. Trades continued at a slow pace in the Brazilian market. 

In August, the CEPEA/ESALQ Index for cotton type 41-4 (delivered in São Paulo city, payment in 8 days) upped 6.05% and closed at 1.6787 real or 0.8269 dollar per pound on Aug. 31.
 
Cotton growers were refrained from trading and were focused on the accomplishment of contracts, mostly to export, which limited the supply in the spot market at the end of August. Cotton ginning was delayed and sellers were trading below-desirable quality cotton. 
 
The industry still needed to purchase most of the cotton necessary to keep the processing activities at the end of the month. In case estimates that Brazil exports more than 1 million cotton tons, the domestic demand reaches more than 900 thousand tons and that production amounts 1.9 million tons are confirmed, the supply and the demand might be counterbalanced, which may limit sharp price fluctuations. 
 
In the international scenario, in late August, the market started to be influenced by the smaller planted area with cotton in South America and possibly, in the world, in the next season. The higher profitability of grains (soybean/corn) may lead producers to change activities. China’s demand for cotton continued firm, though.

Center for Advanced Studies on Applied Economics (CEPEA)


Must ReadView All

Pic: Inditex

Apparel/Garments | On 23rd Mar 2019

Inditex, MIT collaborate on sustainability challenges

Inditex and MIT are collaborating to promote research in global...

Pic: Lenzing

Textiles | On 23rd Mar 2019

Lenzing to appoint new members to supervisory board

Prior to the annual general meeting of the publicly traded company...

China to boost investment in Bangladesh: envoy

Textiles | On 23rd Mar 2019

China to boost investment in Bangladesh: envoy

China would facilitate more investment by its companies and small and ...

Interviews View All

Yash Agarwal, Hitansh Online

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Top executives, Textile industry

Top executives
Textile industry

Sustainable fashion is also ‘slow fashion’

Nishank Patel, Shri Dinesh Mills Limited

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Spring Chang,

Spring Chang

A specialist in manufacturing printing machines, <b>Wenzhou Changs</b>...

Italtex,

Italtex

Italtex is a leading studio publishing fabric trend-books since 1959....

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

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

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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


March 2019

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

news category


Related Categories:

Advanced Search