Amidst a volatile mid-February market, cotton prices in Brazil have witnessed a notable surge, settling at BRL 4 per pound. According to the latest report from the Center for Advanced Studies on Applied Economics (CEPEA), the CEPEA/ESALQ Index for cotton recorded a significant 2.18% increase from January 31 to February 15, reaching BRL 4.0745 per pound on February 15.
otwear Association (AAFA) and the United States Fashion Industry Association (USFIA) are gearing up to participate in a comprehensive examination by the US International Trade Commission (USITC) to uncover the market share shift of five key US apparel sourcing countries.
In the 2022-23 season, Brazil has set a new benchmark in cotton production, reaching historic highs driven by expanded cultivation and increased productivity. Despite a global rise in cotton supply, a combination of sluggish demand and unfavorable economic conditions has resulted in bloated inventories and reduced cotton prices worldwide, as reported by the Center for Advanced Studies on Applied Economics (CEPEA).
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