Home / Knowledge / News / Textiles / Cotton maintains calmness during Christmas holidays
Cotton maintains calmness during Christmas holidays
05
Jan '12
Taking a look back at the Bremen CIF index of last year, when the index stood at 192.10 cts/lb. On January 3, 2011, it can be seen that the CIF index has almost halved: Yesterday's index was at 103.20 cts/lb. Futures and pricing have registered a continuous downward trend until Christmas; however, they have increased again since the beginning of the year.

Whether this indicates a general trend reversal is not known. Maybe the developments in coming weeks will point out the direction, when the prospects on the side of the production will become clearer as well. According to reports there has been steady demand from Far East and China. Purchases by China have generally said to stabilize the New York Cotton Futures.

In contrast to last year turnovers appear to develop stable at the most on the domestic market. If nothing else the Christmas holidays have contributed to the calm business during the last reported week.

According to various reports a turnover growth is expected in the textile and apparel industry in 2011, especially for technical textiles. The textile retail, on the other hand, has not met its expectations from the beginning of the year. They are assessing their prospects for 2012 only cautiously optimistic at the time being.

Also from the point of the first processor the order volume showed no fundamental change by the end of the year. Since the pressure on the yarn prices has remained, cautious business activity continued. Any interest mainly concentrated on cotton for prompt delivery.

Contracts were closed for cotton from West Africa, Central Asia and Greece for the 1st quarter 2012 in the medium staple range.

The need for LS/ELS-varieties in the 1st quarter of 2012 was satisfied by Egyptian Giza 86 and Giza 88, Israel Acalpi, Israel Pima and US Pima.

Bremen Cotton Exchange

Must ReadView All

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Textiles | On 27th Feb 2017

Textile industry can boost South African economy: Minister

The textile industry is one of the most strategic platforms through...

Textiles | On 27th Feb 2017

KBR bags LBED revamp contract for LG Chem's ethylene plant

KBR, Inc has bagged a technology licensing and basic engineering...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Silke Brand-Kirsch
Schlegel und Partner

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Madhu Jain
Madhu Jain

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search