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

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Paolo Ocleppo
Sandvik Hyperion

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson

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

Ritu Kumar
Label Ritu Kumar

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Pranav Mishra

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

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

January 2017

January 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search