Home / Knowledge / News / Textiles / Market remains demand friendly
Market remains demand friendly
14
Jun '08
Cotton futures rallied on the week as funds, following the rally in other commodities, generated another round of speculative buying. Fundamentals remained little changed as USDA released it June supply demand report with few, if any, unexpected changes.

If anything, the USDA report provided much of the same; bearish short term, but very bullish long term. While the market is at a bit of a crossroads, the ability to hold this week's gains early into next week could propel a five cent move to the upside. The market remains demand friendly, however, this week's rally did slow export sales at the end of the week.

Exports sales for the first week in June remained strong. Although down about 120,000 bales from the prior week, net sales for the week ending June 5, 2008 totaled 435,400 RB. Upland sales totaled 434,700 RB. Pima sales were only 700 RB. China (270,200 RB); Turkey and Vietnam were the primary buyers of Upland. India (1,000 RB); Japan and Thailand were the primary buyers of Pima.

Even as USDA revised its estimate of 2007-08 U.S. exports lower, the current week's pace, while improved over the past several months, continued to lag the level necessary to meet the new USDA estimate. There are eight more reporting weeks remaining in the 2007-08 marketing season. Weekly export shipments totaled only 317,900 RB. Upland shipments accounted for 308,500 RB.

Pima shipments were 9,400 RB. Primary destinations for Upland were China (102,300 RB); Turkey and Mexico. The primary destinations for Pima shipments were Indonesia (4,400 RB); Egypt and Pakistan. Upland sales for the 2008-09 marketing year were 88,100 RB as China, Indonesia and Pakistan were the primary buyers.


Must ReadView All

Courtesy: Fashion Revolution/Fashion Transparency Index

Apparel/Garments | On 23rd Apr 2018

Transparency helps in swiftly alerting brands

Disclosing key supplier, supply chain and operational information...

Japan’s clothing imports up 4% in fiscal 2017

Apparel/Garments | On 23rd Apr 2018

Japan’s clothing imports up 4% in fiscal 2017

Japan’s imports of clothing and accessories increased by 4 per cent...

Courtesy: Fashion Revolution/Fashion Transparency Index

Fashion | On 23rd Apr 2018

Top global fashion brands now more transparent

Fashion Revolution’s Fashion Transparency Index 2018 reveals Adidas...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Harmeet Singh

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kevin Nelson
TissueGen

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

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Sonam & Paras Modi
SVA

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

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


April 2018

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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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