Home / Knowledge / News / Textiles / Lack of new sales as Greek cotton prices seems to be on high side
Lack of new sales as Greek cotton prices seems to be on high side
16
Mar '09
We hardly heard of any new business concluded during the week. The ginner's asking levels (48-50 usc/lb FOT depending on quality) do not attract the attention of traditional Greek buyers. Turkish spinners are finding it hard to pay these levels and whenever they exceptionally do (for a small quantity) they request the top quality to be loaded. There is some Egyptian demand in the last days for small volumes and nearby shipments.

Regarding remaining stocks for both 07/08 & 08/09 crop the status is as follows:
• Total Supply (07/08/09)..........260,000 tons
• Local Consumption..................40,000 tons
• Sales - Exports......................70,000 tons
• Balance for Exports...............150,000 tons

Referring the coming crop 09/10 it is still early to make an accurate calculation on how much will be the cotton acreage, however, we can make some projections combining several trustworthy sources of our cotton industry. As we approach the new season's plantings it gets more obvious that cotton cultivation will further shrink by about 20-22% hardly reaching 200,000 he.

The biggest drop is predicted at Thessaly area (25-30%) and especially in karditsa & Farsala. In Macedonia and Levadia we will have a small reduction of 10-15% max while Thrace will be the less affected area.

In the following weeks we will for sure know whether the ginner's association proposals to the ministry of Agriculture will be valid for the coming crop. These proposals are referring to the coupled subsidy strongly aiming to commit the grower to his cultivation. Once they are approved we will report accordingly.

Thrakika Ekkokistiria S.A.

Must ReadView All

Apparel/Garments | On 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Ashok Desai
Bombay Textile Research Association

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mike Hoffman
Gildan Activewear SRL

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


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