Home / Knowledge / News / Textiles / New Year to be year of 'High Cotton'
New Year to be year of 'High Cotton'
05
Jan '08
The 2008 New Year for cotton gives every promise to being "The Year of the Bull." With respect to promises, I am reminded that cotton promises less and gives more than any other crop. Said another way, 2008 will be the year of "High Cotton." (Of course the other part of that market adage is that cotton promises more and gives less than any other crop.)

It all depends on the hat you wear. Yet, with the nearby March seemingly comfortable at 68 cents, just slightly above its dominant range, but still within its long term price range, the reality of the upcoming significant decline in both U.S. and world cotton stocks appears to have creped in the market and is supporting prices at the upper end of the range.

We must watch the level of New York certificated stocks as well as demand, but just as 63 cents, basis the nearby futures, was the price low in from early October forward, it may well be that 67 cents will be the price low for the remainder of the year.

The annual Beltwide Cotton Conferences will be held next week with the venue in Nashville. There will be more than a few folks lining up to listen to the pundits discuss just how big the grain fed cotton bull will get before the slaughter. For me, I would think that bull will fatten up all the way into 2009.

The big export sales we have often seen through the New Year holidays failed to materialize this year. However, prices have once again left the textile mills behind…just as they did back at the 63 cent level in September-October. While a price setback is in order, the slippage will be both minor and short lived.


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mohammad Hassan
Biax Fiberfilm

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

Madhu Jain
Madhu Jain

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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:
June 2017

June 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