Home / Knowledge / News / Textiles / Period of lull prevails in cotton market
Period of lull prevails in cotton market
13
Oct '08
There is not much activity lately in the Greek cotton market. The collapse of stock markets / commodities as well as the fear of recession is obviously not helping new business. Ginners are waiting for cotton to find its bottom and then decide their selling strategy.

On the other hand potential buyers are watching a falling market and do not proceed to purchases unless it is really urgent for them. As a result both Turkish and some Egyptian spinners are in our market gathering information and searching for low prices, however we hardly hear of a new sale.

Crop wise, during the week the weather was beneficial for harvesting. In all cotton areas farmers are picking up the cotton and delivering it to ginning mills under an open price. The so called 'after rain' cotton varies in color, depending on the area planted, between HVI 41 and high end 51.

All the other characteristics are the normal Greek cotton good specs (staple 1 3/32'' - 1 1/8'', strength min 28 GPT, mic range 3.9-4.7 NCL). In Macedonia area harvest will be in full swing next week but so far it seems that the less affected fields are the ones in Serres and Drama.

Referring new crop quantity, the rainfalls of the previous week thankfully did not affect seriously the size of the crop. According to several sources the total lint production will reach the 250,000 tons out of which 50,000 will be the domestic consumption. Of course we should bear in mind the last season's stocks (about 40,000 tons) that have been carried over to the new season.

Last prices circulating in our market were at levels of 63-63.50 c/lb FOT for the good stocks.

Thrakika Ekkokistiria S.A


Must ReadView All

Courtesy: Sympatex Technologies

Textiles | On 23rd Feb 2018

Sympatex, Ricosta jointly move towards sustainability

Sympatex Technologies is moving towards sustainability with its...

Courtesy: Business wire

Information Technology | On 23rd Feb 2018

CLO Virtual Fashion launches CLO 4.0 & new website

CLO Virtual Fashion, a leading developer of cutting-edge 3D garment...

Courtesy: Delta Galil

Apparel/Garments | On 23rd Feb 2018

Delta Galil 2017 sales up 16% to $1,368.1 million

Delta Galil sales for full year 2017 increased 16 per cent to...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Urmil Arya

Sushila International, a well established textile organisation established ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Harmeet Singh

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Larry L Kinn
Suominen Corporation

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

February 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
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

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
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

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
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

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
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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