Home / Knowledge / News / Textiles / Increased demand of cotton in Far East
Increased demand of cotton in Far East
03
Oct '11
During the last ten days demand has increased mostly on behalf of Far East merchants, who took the biggest share of latest sales. As soon as NYF fall below one dollar it seems that spinners in Far East started buying some quantities and merchants were able of paying good levels to ginners either on fix price or on call (close to even Dec 11). Other traditional international merchants got also more active but their purchases were less in volume.

Contrary Turkish spinners, who are focused on their crop, are still out of our market or passing prices below ginner's expectations. In the beginning of the week there were rumors of new sales to the Egyptian market at levels of 108 CIF Egyptian port.

Harvesting has started in most areas but mostly on the so called dry fields (less irrigated). Since it hasn't rained quality is very nice although we will be able of getting a more clear view in the following two weeks when the irrigated fields will be harvested and delivered to ginning mills. We can say that so far the crop looks very promising both in terms of quality and quantity.

Calculating a production of lint at 300,000 tons we estimate that about 10% is already committed. This figure includes also the rolled over quantities from last season. The domestic consumption will be of course limited (possibly 20,000 tons) although some mills will consider their operation strategy in the coming weeks. Yarn prices fluctuations and low credit from Greek banks are limiting quantities.

Hecot S.A.


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Silke Brand-Kirsch
Schlegel und Partner

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search