Home / Knowledge / News / Textiles / Egyptian market to absorb Greek stocks
Egyptian market to absorb Greek stocks
Feb '09
Following the NY cotton futures' drop, new sales have slowed down as ginners hardly reduce their asking levels. Some new sales have been reported only to Egyptian destinations either for the public sector or through the well known tenders.

The prices heard were between 53.50-55.80 usc/lb CIF Egyptian port depending on the quality sold. Turkish spinners are still absent or just buying very small quantities covering their prompt needs. International merchants have been more active in selling some of their Greek position than buying additional quantities.

Regarding prices, during the week some ginners have lowered their offering levels due to better usd/eur rate. Thus, from the asking levels of 50-52 usc/lb FOT they have lowered their prices to 48-50 usc/lb FOT.

As we approach the new season's plantings it gets more obvious that cotton cultivation will further shrink by about 20% (maybe less than 200,000 he). The biggest drop is predicted at Thessaly area and especially karditsa & Farsala. In few words farmers are unhappy with their income from cotton and are targeting for very low production cost commodities, such as wheat.

Thrakika Ekkokistiria S.A.

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Eric Scholler

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

Mark Paterson
Technical Absorbents Ltd

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search