Home / Knowledge / News / Textiles / Seed cotton deliveries still very slow
Seed cotton deliveries still very slow
09
Feb '08
Sales continue at a slow pace and in small quantities, as spinners are buying hand to mouth.

Ginners keep their asking prices at the 'even' July 08 levels while only few buyers seem to follow. During the week we heard of some new sales, mostly on behalf of cooperatives, for either good or lower qualities. Prices for the low stuff (LSP or HVI 51) were below the 70 usc/lb while the pre-rain cotton was sold at levels of even July 08.

In general Turkish spinners are still hesitating to buy aggressively and the rumors of even lower consumption are giving a pessimistic feeling. Egyptian spinners are also absent unwilling to follow ginners offering levels.

The seed cotton deliveries are still very slow as farmers are not satisfied by the prices they get and ginners are not willing to pay higher. In Thessaly area, where there is the biggest percentage of seed cotton storage, estimates calculate about 150,000 tons of stocks in farmer's warehouses. As a result quantity wise here is were we stand:

320,000 tons production & 06/07 stocks
-80,000 tons so far sales either to domestic mills or committed to exports
------------------
240,000 unsold quantity (after ginning the undelivered seed cotton stocks)

Lastly, we should note that this year the domestic consumption is calculated a bit lower from previous years (about 60,000 tons).

Thrakika Ekkokistiria S.A.

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

Asim Dalal
Indo Count Retail Ventures

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

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Mohammad Hassan
Biax Fiberfilm

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

Steve Cole
Xerium Technologies

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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