Home / Knowledge / News / Textiles / Drop in cotton acreage expected
Drop in cotton acreage expected
10
May '08
May has brought motion in sales mostly on behalf of international merchants.

For the last ten days things have been rather active on the Greek market. Three different types of new sales can be reported.

• On call basis Dec 08 of current crop with new crop delivery terms. As the market went lower the basis seemed more attractive to many ginners compared to the equivalent fix prices. There is plenty of time till Dec 08 so most ginners believe that they will have the opportunity to fix at a 'fair' price.

• On call basis July 08 of current crop with prompt shipment & shipments. Some ginners who had not sold serious quantities so far decided to commit some stocks basis July 08 provided they get an early payment.

• Direct sales of ginners to mostly Turkish spinners. Some Turkish mills decided to buy few 'hand to mouth' quantities at levels around 163-164 usc/kgs FOT. These levels seem attractive to ginners mainly because of the strengthening dollar.

As a result these last sales have reduced the current stocks which should be at the levels of 135 - 140,000 tons. Still this figure is a 'career high' for this month of the year and it is most likely that a big part of these stocks will be transferred into the new season.

The new crop plantings are developing under normal weather conditions without any serious problems so far. Everybody is talking about the drop in cotton acreage in favor of wheat - corn, but no one can make an accurate estimate on this shrink.


Must ReadView All

Textiles | On 21st Aug 2017

GST payment & filing for July extended till Aug 25

The GST Implementation Committee, consisting of state and Central...

Textiles | On 21st Aug 2017

India’s cotton production may grow by 3.76% in 2016-17

India’s cotton production is likely to rise by 3.76 per cent to 345...

Textiles | On 21st Aug 2017

Telangana announces sops for textile, apparel sector

The Telangana government recently announced a string of incentives,...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

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 ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra

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

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

August 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

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

Yes No

Active Poll

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

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

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

Yes No

Active Poll

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

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

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

Active Poll

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

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


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