Home / Knowledge / News / Textiles / Egyptian cotton buyers still out of Greek market
Egyptian cotton buyers still out of Greek market
16
Feb '08
During the week some new sales were reported for either crop 06/07 and 07/08. Some ginners taking advantage of the lower levels for CTN 08 sold at relative attractive basis July, while others preferred to sell small quantities at fix prices to Turkish mills.

The Egyptian buyers are still out of the Greek market and most ginners are waiting for the traditional Turkish clients to buy aggressively.

For the days, that cotton futures are traded between 67-70 c/lb, it seems that several ginners are trying to 'liquidate' some of their stocks whenever the market is paying over 71 usc/lb. When prices fall below 70 c/lb there are hardly any offers in our market, unless the usd / euro rate is in favor of the ginner.

It is more likely that in the near future (provided the NYF remain at similar levels) ginners will maintain this strategy and will appear even keener to sell if the usd strengthens.

In the meantime, cotton growers, in Thessaly area, are delivering at a very slow pace their seed cotton stocks. In most cases farmers are 'complaining' for low prices and re considering for altering cultivations in favor of wheat and corn.

Thrakika Ekkokistiria S.A.

Must ReadView All

Courtesy: Alibaba

Apparel/Garments | On 21st Feb 2017

Alibaba announces retail partnership with Bailian Group

Chinese e-commerce giant Alibaba Group has made another move in its...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Apparel/Garments | On 21st Feb 2017

Govt may free up retail FDI for domestic goods

Government may remove restrictions on retailers like Walmart and...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Paolo Ocleppo
Sandvik Hyperion

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

Lynda Kelly
Suominen Corporation

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Karan Arora
Karan Arora

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

Silvia Venturini Fendi
Fendi s.r.l

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
February 2017

February 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