Home / Knowledge / News / Textiles / Optimistic feeling on new cotton crop
Optimistic feeling on new cotton crop
15
Sep '08
Business wise there are not many things to report for this week. Most ginners are not in a rush to sell as they have committed quantities basis Dec 08 or March 09 (crop 07/08 or 08/09). As a result they have organized well their cash flow strategy and now wait for the new crop to come out before selling more.

Most of them don't feel very comfortable in selling new crop 08/09 as there are several uncertainties of their cost and the size of the crop. At the same time they are cautious with the volatility of the market and prefer to wait. Consequently new crop sales so far are few and selective.

Of course this doesn't mean that sales were absent during the week. In fact some sales of 07/08 stocks, mostly due to favorable usd, were reported at levels around 69 c/lb. In addition, some Turkish mills are trying to buy on call stocks but without much success so far.

Regarding the new crop, things are more promising than what we were expecting couple of months ago. In general we are waiting for earlier harvesting than the previous years, as the weather conditions during summer were favorable.

There is no doubt that the next 20 days are really critical for the new crop and depending on the weather conditions things may change form one day to another. The general feel is that yields are better than last season, since most cotton growers tried to cultivate as effective as possible their cotton and did not count only on the subsidy.

In more detail going from south to north:
• At Levadia and Lamia area harvesting of few early fields has already been started. In the next two weeks most cotton bolls will be opened and ready to be picked up.

• At Thessaly growers are about to begin harvesting while some early fields have been already harvested with great yields. Provided they don't face rain falls during next week the following two weeks harvest will be in full swing.

• At Macedonia area especially in Serres and Drama cotton bolls are not opened yet and harvesting will start in late September or early October.

• At Komotini - Thrace area there is a part of fields with opened bolls however most of them will be ready at the end of September.

Lastly, price wise merchants are trying to buy at levels around 68.50 - 69 c/lb (good qualities) while ginners have not decided yet whether to sell on fix price or try the on call.

Thrakika Ekkokistiria S.A.


Must ReadView All

Pressure on  Indian textiles exporters to ease by Q3: ICRA

Textiles | On 17th Oct 2017

Pressure on Indian textiles exporters to ease by Q3: ICRA

Pressures on the profit and debt levels of textiles exporters is...

S Korean fashion brands expand overseas amid slump at home

Fashion | On 17th Oct 2017

S Korean fashion brands expand overseas amid slump at home

South Korean fashion firms are keen on tapping into overseas markets...

GMAC urges Cambodia to push fabric-forward rule in RCEP

Apparel/Garments | On 17th Oct 2017

GMAC urges Cambodia to push fabric-forward rule in RCEP

Representatives from the Garment Manufacturers Association of...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Harmeet Singh

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

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Paolo Ocleppo
Sandvik Hyperion

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

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

October 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
76.9%
No
13.8%
Skip
9.2%

Total Votes: 65

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
61.5%
No
27.7%
Skip
10.8%

Total Votes: 65

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
84.6%
No
10.8%
Skip
4.6%

Total Votes: 65

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
73.8%
No
12.3%
Skip
13.8%

Total Votes: 65


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