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

Textiles | On 20th Jul 2017

Provide safety net for cotton growers: Congress to Trump

A bipartisan Congressional coalition has called attention of...

Courtesy: ITMF

Textiles | On 20th Jul 2017

ITMF'17 themed on tech, trade, climate in disruptive times

The International Textile Manufacturers Federation (ITMF), an...

Textiles | On 20th Jul 2017

RIL’s Q1 FY18 petrochemicals revenue up 22.9% y-o-y

Reliance Industries Limited (RIL) has reported its financial...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Mandeep Nagi
Shades of India

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

Vidhyaa Shankar. S
A Ganapathi Chettiar

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Paolo Ocleppo
Sandvik Hyperion

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi
SVA

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X