Latest news with #CEPEA
Fibre2Fashion
17-07-2025
- Business
- Fibre2Fashion
Brazil cotton prices ease in early July amid record harvest hopes
While global cotton prices strengthened in mid-July due to firm demand for US-origin fibre, Brazil saw domestic quotations retreat, driven by the progress of what may be a record-breaking harvest. Despite prices in Brazil remaining above international levels, the gap has narrowed, diminishing the domestic market's pricing advantage, as per the Center for Advanced Studies on Applied Economics (CEPEA). According to the CEPEA/ESALQ Index, Brazilian cotton prices dipped by 0.32 per cent between June 30 and July 15, settling at BRL 4.1324 (~$0.74) per pound on July 15, CEPEA said in its latest fortnightly report on the Brazilian cotton market. Brazilian cotton prices fell 0.32 per cent between June 30 and July 15 despite firm global demand, as the 2024â€'25 harvest progresses towards a potential record 3.938 million tons. The price gap with global markets narrowed. As of July 12, 13.6 per cent of the area was harvested. USDA forecasts 2025â€'26 global production at 25.783 million tons, closely matching consumption. The decline coincides with updated projections from National Supply Company (CONAB) (July 10), which now pegs Brazil's 2024-25 cotton output at 3.938 million tons—an increase of 0.65 per cent from June's estimate and 6.4 per cent above the 2023-24 season. The planted area is projected at 2.084 million hectares, up 0.11 per cent month-on-month and 7.2 per cent year-on-year. Productivity is forecast at 1,890 kg/ha, 0.7 per cent lower than last season, but 0.53 per cent higher than June's forecast. As of July 12, harvest progress reached 13.6 per cent of the planted area, below the five-year average of 19.2 per cent for the same period. Globally, USDA's July 11 report forecasts 2025-26 world cotton production at 25.783 million tons—up 1.2 per cent from the previous month but 1.2 per cent lower than 2024-25 levels. Global consumption is expected to reach 25.718 million tons, reflecting increases of 1.2 per cent month-on-month and 0.3 per cent year-on-year. This would leave global consumption just 0.3 per cent short of overall supply in the 2025-26 season, signalling a near-balanced market. Fibre2Fashion News Desk (KD)
Fibre2Fashion
04-06-2025
- Business
- Fibre2Fashion
Brazil cotton prices firm in May; CONAB sees record 2024-25 output
Cotton prices in Brazil ended May on a firm note, supported by limited supply during the offseason and by producers holding firm on quotations, citing limited stocks and recent movement in international prices, as per the Centre for Advanced Studies on Applied Economics (CEPEA). Brazilian cotton prices stayed firm in May amid limited supply and sellers holding quotes due to low stocks and global trends. CEPEA Index rose 0.7 per cent to BRL 4.4176 (~$0.782) per lb. Exports fell 34 per cent MoM to 157.7 kilo tons. Cumulative 2024-25 exports reached 2.54 million tons, down 5 per cent. CONAB forecasts record output of 3.9 million tons, with higher area but slightly lower yield. The CEPEA/ESALQ Index rose 0.7 per cent between April 30 and May 30, settling at BRL 4.4176 (~$0.782) per pound. Despite strong domestic prices, Brazil's cotton exports dropped to 157.7 thousand tons in the first 16 days of May—down 34 per cent from April and 31.2 per cent year-on-year. Cumulative exports in the 2024-25 season (August to May) totalled 2.54 million tons, 5 per cent below the previous season, the CEPEA said in its latest fortnightly report on the Brazilian cotton market. Meanwhile, Brazil's national supply agency CONAB forecasts a record cotton output of 3.9 million tons for the 2024-25 crop, up 5.5 per cent from 2023-24. While planted area is projected to increase by 7.2 per cent to 2.084 million hectares, productivity is expected to decline slightly by 1.6 per cent to 1,874 kg/ha. Fibre2Fashion News Desk (HU)
