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Brazilian cotton prices see slight increase this monthAfter significantly decreasing in the previous month, cotton prices in Brazil were firm again in early April. The CEPEA/ESALQ Index changed from the record 5.22 BRL per pound on March 4 to 4.76 BRL/pound on April 5. Since then, the Index has been recovering, the Center for Advanced Studies on Applied Economics (CEPEA) said in its latest fortnightly report. Between March 31 and April 15, the CEPEA/ESALQ Index for cotton rose 1.05 per cent, closing at 4.8593 BRL/pound on April 15.During the fortnight, sellers were focused on international price rises and estimates of lower production in Brazil and a possible export record. Therefore, they were firm in the first fortnight of the month, which sustained prices. Moreover, some of these players expect a demand increase in the coming periods, given that the cotton industry has not been purchasing the product for immediate delivery since early March, the report said. "As for the demand, only purchasers who have short-term requirements and/or are willing to replenish inventories are operating."Meanwhile, Brazil's National Food Supply Company (Conab) indicated that the 2020-21 cotton area may total 1.41 million hectares, 15.2 per cent down compared to 2019-20. Productivity is forecast at 1,764 kilos per hectare, a decrease of 2.1 per cent compared to the previous season. Thus, production is likely to amount to 2.49 million tons, a sharp 16.9 per cent down compared to the previous crop.A report released by the US department of agriculture (USDA) on April 9 said Brazil's cotton inventories for 2020-21 are forecast at 2.7 million tons, down 13.7 per cent from the previous season's inventory.SiS Commited to update you on all textile related news real time.RegardsTeam SisAny query plz call 9111977771https://wa.me/919111977775

SMARTINFO ICE कॉटन समरी कपास वायदे में तेजी ICE कपास वायदा गुरुवार को उम्मीद के रूप में तेजी से आर्थिक पलटाव प्राकृतिक फाइबर के लिए मांग और पश्चिम टेक्सास में शुष्क मौसम पर चिंताओं को कम साप्ताहिक निर्यात ऑफसेट होगा। लेकफ्रंट फ्यूचर्स एंड ऑप्शन ब्रोकरेज के अध्यक्ष जॉन माक्र्स ने कहा, "निर्यात की बिक्री बोर्ड में बहुत ही भयानक थी ... (लेकिन) वे हर हफ्ते उत्कृष्ट नहीं होने वाले हैं और आप अभी भी बहुत अच्छे वर्ष के अनुरूप हैं।" शिकागो में। कॉटन मार्केट एक ऐसे बिंदु पर होने की संभावना है, जहां यह "सुस्त" निर्यात बिक्री के मद्देनजर भी मजबूत है, हालांकि यह इसे उच्चतर धक्का देने के लिए ताजा खबर का इंतजार कर रहा है, मार्कस ने कहा, कीमतों में 89 सेंट का विरोध हो सकता है। यूएस डिपार्टमेंट ऑफ एग्रीकल्चर की साप्ताहिक निर्यात बिक्री रिपोर्ट में 2020/2021 के लिए 122,300 रनिंग बैलों की शुद्ध बिक्री दिखाई गई, जो पिछले सप्ताह की तुलना में 55% और पूर्व 4 सप्ताह के औसत से 54% कम है। वीएलएम कमोडिटीज लिमिटेड के पार्टनर और एनालिस्ट लुइस बारबरा ने कहा, "अमेरिका में हमारे पास बहुत अधिक कपास नहीं है। आप अगले सप्ताह निर्यात की बेहतर रिपोर्ट देखने जा रहे हैं।" बारबेरा ने कहा कि पश्चिम टेक्सास में बारिश की कमी, दक्षिण टेक्सास में उच्च फसल परित्याग और सोयाबीन और मकई के वायदा में एक रैली के परिणामस्वरूप अमेरिका में आपूर्ति कम हो सकती है और इसकी समाप्ति से पहले जुलाई कपास वायदा $ 1 हो सकता है। महामारी से तेजी से आर्थिक सुधार की उम्मीदें आंकड़ों द्वारा उछाली गईं, जो मार्च में 10 महीनों में सबसे अधिक यू.एस. खुदरा बिक्री में वृद्धि हुईं और साप्ताहिक प्रारंभिक बेरोजगारी के दावे मार्च 2020 के बाद से अपने निम्नतम स्तर पर गिर गए। ICE COTTON SUMMARY Cotton futures up ICE cotton futures rose on Thursday as hopes that a swift economic rebound would spur demand for the natural fibre and concerns over dry weather in West Texas offset lower weekly exports. “Export sales were terrible across the board... (but) they’re not going to be excellent every week and you’re still in line to have a pretty good year,” said Jon Marcus, president of Lakefront Futures and Options brokerage in Chicago. The cotton market is likely at a point where it holds firm even in the wake of “sluggish” export sales though it is stalling awaiting fresh news to push it higher, Marcus said, adding prices could face resistance around 89 cents. The US Department of Agriculture’s weekly export sales report showed net sales of 122,300 Running Bales for 2020/2021, down 55% from the previous week and 54% below the prior 4-week average. “We do not have a lot of cotton in the US.. you’re going to see a much better export sales report next week,” said Louis Barbera, partner and analyst at VLM Commodities Ltd. Barbera said that a lack of rain in West Texas, high crop abandonment in South Texas and a rally in soybeans and corn futures could result in lower US supplies and buoy July cotton futures to $1 before its expiry. Hopes for a fast economic recovery from the pandemic were bolstered by data that showed U.S retail sales rose by the most in 10 months in March and weekly initial jobless claims fell to its lowest level since mid-March 2020. SiS Commited to update you on all textile related news real time. Regards Team Sis Any query plz call 9111977771 https://wa.me/919111977775

The rupee opened weaker by 20 paise against the dollar.In the foreign exchange market, the rupee opened today with weakness on Monday, April 12, 2021. Today, the rupee opened 20 paise lower at Rs 74.93 against the dollar. At the same time, the rupee closed at Rs 74.74, down 14 paise against the dollar on Friday.Sensex falls heavily, broken more than 1000 points The stock market has been steadily declining. The number of Corona patients growing in the country has led to the fear of lockdown within the companies. This is the reason that investors are preferring to sell shares rather than buying at the moment. Today, when the stock market opened, the decline was not so much, but soon after the opening, this decline started increasing rapidly. Around 10 am, where the Nifty was trading at the level of 14495.80 points, down by 339 points, while the Sensex was trading 1139 points at 48452.19 points.Earlier today, on Monday, 12 April 2021, the stock market opened with a heavy fall. Today, the BSE Sensex fell by about 793.58 points to open at the level of 48797.74. At the same time, the NSE Nifty opened with a loss of 248.40 points at the level of 14586.50. Today, trading started in a total of 1,650 companies on the BSE, of which 391 shares opened up and 1,184 fell.RegardsTeam