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
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

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Rahul Bhadani

Navigating through catalogues is a bit hasslesome

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

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

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ritu Kumar
Label Ritu Kumar

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

Yash P. Kotak
Bombay Hemp Company

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


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