Home / Knowledge / News / Textiles / Constant sales in cotton despite increasing prices
Constant sales in cotton despite increasing prices
27
Apr '09
During the week prices have been firming up due to increased demand and NY strong performance. Recently it looks that Greek crop has become competitive, towards other growths, not only to neighboring countries but also to other Far East destinations. As a result several new sales were reported at prices between 49.50-53.50 usc/lb FOT depending on the quality sold.

In most cases deliveries are rather prompt (May 09) justifying that spinning mills were not covered, affected by the financial credit crisis. Turkish spinning mills absorbed the biggest part of these sales since their domestic production is limited and expensive. In addition, international merchants were active in our market buying some quantities at fix prices.

It is estimated that during the last month about 30,000 tons of our crop was sold reducing our lint stocks close to 100,000 tons. We should definitely bear in mind that during last seasons that cotton production is decreasing it has become a trend for ginners to increase their carry over stocks to the new season.

Thrakika Ekkokistiria S.A.

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Apparel/Garments | On 25th May 2017

AAFA reinforces opposition to Border Adjustment Tax

The American Apparel & Footwear Association (AAFA) has reinforced its ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ashok Desai
Bombay Textile Research Association

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

Eamonn Tighe
Nature Works LLC

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Bani Batra

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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