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

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Steve Cole
Xerium Technologies

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

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Karan Arora
Karan Arora

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

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search