Home / Knowledge / News / Textiles / Cotton prices reduce sharply
Cotton prices reduce sharply
03
Dec '11
The serious need for cash flow on behalf of several ginners (especially the defaulters) in combination with the lack of demand for Hecot cotton crop has squeezed a lot our prices and brought, in some cases, special offers that are valid only for immediate payment and shipment. Due to the well known problems of our economy, banks are not able of supporting ginners as they used to do in the past and therefore many ginning firms or cooperatives are obliged to lower seriously their offers.

As a result during the week several new business were reported ranging between 82-88 usc/lb FOT depending on quality and shipments. In addition few ginners preferred to sell on call at basis of about 400-500 off March hoping that the market will give them an opportunity to fix at better levels. It is true that so far the on call contracts have given better prices compared to the fix ones. Buyers were international merchant who are trying to take advantage of this correction and sell to Far East and as usual few Turkish spinners.

Even though the usd is getting favorable for ginners these price levels are well below their production cost. There is a belief in our market that serious losses of current season will not be easily over passed and this may change our ginning sector radically.

Calculating a tolerance of 3% the status of our crop is as follows:

CROP - 11 / 12
PRODUCTION 290.000
SALES / EXPORTS 90.000
CONSUMPTION 15.000
BALANCE FOR EXPORTS 185.000

Hecot S.A


Must ReadView All

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Courtesy: ITMA

Textiles | On 22nd Sep 2017

ITMA 2019 to focus on smart garment technologies

ITMA 2019, the world's largest textile and garment technology...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Interviews View All

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Lynda Kelly
Suominen Corporation

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Rupa Sood and Sharan Apparao
Nayaab

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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