Home / Knowledge / News / Textiles / US cotton sales down 50% from a year earlier
US cotton sales down 50% from a year earlier
23
Aug '14
Last year at this time, the US cotton trade had sold around 6 million bales from a 12.91 million bales crop.

This year, the US is estimated to produce 13 million bales, but till date; just a little over 3 million bales have been sold, down nearly 50 percent year-on-year.

This difference, year over year shows the need that the cotton market needs to prepare for what is to come, says the Ecom cotton report.

Currently, mills have less cotton on their books and are looking to buy more. The cotton trade would like to sell, but is concerned of going short.

Given this scenario and the fact that farmers are holding back their cotton, something has to give.

Looking to the past, it is expected that NY cotton futures will rise and the strengthening process seems to have began.

Sales of new crop for immediate delivery have been selling at a strong basis. Add to it that, specs seem to be reducing their shorts although they are still net short, the market could be in a nice position to react to the upside.

With that in mind, cotton traders are advised to take decisions now, which will allow them to take advantage in the future.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Lynda Kelly
Suominen Corporation

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Madhu Jain
Madhu Jain

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

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
March 2017

March 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