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

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Courtesy: IRRC Institute

Apparel/Garments | On 27th May 2017

Up to 7.5 mn retail jobs in US at risk due to automation

About 6-7.5 million retail jobs in the US are likely to be automated...

Textiles | On 27th May 2017

Indian textiles ministry promotes wool sector

The ministry of textiles has taken multiple steps to promote the wool ...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Suresh Patel
Sidwin Fabric

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

Larry L Kinn
Suominen Corporation

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


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