Home / Knowledge / News / Textiles / Cotton seed market is warming up
Cotton seed market is warming up
14
Apr '08
Lack of new sales mostly caused by the weakening dollar.

There is not much activity lately on the Greek market. Ginners are very much influenced by the falling dollar and are asking for levels which seem to be on the high side (even July 08). Unfortunately these levels can't be followed by potential buyers and as a result we hardly heard of any new business concluded.

Turkish spinners are just asking for prices - inquiries but without any serious feedback. International merchants are still focused liquidating their positions however are expected to enter again our market shortly both on current and new crop. There are some rumors of Egyptian demand and possible new sales which are not yet confirmed.

As a result stocks are on a career high for this month of the year reaching almost the 150,000 of lint. There are several thoughts of keeping these stocks for the next season that we will have a reduction in cotton production.

As we are getting close to the cultivation period, the cotton seed market is warming up. Combining several sources it looks that we are going to have about 260,000 'seriously cultivated' hectares of cotton cultivation.

Under normal weather conditions this acreage may result to about 260-270,000 tons of lint. Of course it is too early to estimate production and right now we only make a guess.

Price wise as explained ginner's asking levels remain at the 'even' July for the pre-rain quality. However, there are some cases where offers can 1-2 c/lb lower due to cash flow reasons or lower quality.

In general the lack of buying mood and the absence of serious business reported gives a clear negotiating advantage to the buyers at this point.

Thrakika Ekkokistiria S.A.

Must ReadView All

Courtesy: Shopper Stop

Apparel/Garments | On 30th Mar 2017

Contactless payments at Shoppers Stop

India's leading fashion retailer Shoppers Stop has entered into a...

Textiles | On 30th Mar 2017

Cotton target price kept unchanged in Xinjiang

China’s National Development and Reform Commission (NDRC) has kept...

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Lynda Kelly
Suominen Corporation

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Suresh Patel
Sidwin Fabric

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

Madhu Jain
Madhu Jain

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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