Home / Knowledge / News / Textiles / New crop cultivation under normal conditions
New crop cultivation under normal conditions
15
Jun '09
For more than ten days that NY futures were mostly correcting, the majority of spinning mills were only price checking and waiting without any serious buying interest. Some spinners who were in need of cotton paid the asking levels of ginners (59-60 usc/lb), however others appear to be covered for the coming months following the purchases of previous months.

Finally, yesterday that the market was again strong, demand from Turkey was intense and resulted into new sales for prompt shipments. The prices reported were between 58 - 60 usc/lb FOT depending on the quality while the volume was serious.

International merchants are mostly in a selling mood rather than buying. We have been hearing of some sales to Turkish destinations during the last two weeks that the NY market was under pressure. From the Egyptian market lately demand has got stronger but so far it has not resulted into new sales. Egyptian spinners are hardly following ginners asking levels and bidding at lower prices for higher grades.

Regarding the new crop cultivation everything is developing under normal conditions without serious problems. Compared to previous seasons we are a bit late due to colder than usual weather conditions during harvesting. Business wise we are experiencing the lowest levels of new crop pre-sales for the last five years. The basic reasons for this slow down are the following:

• The production next season will further drop by 20% so quantities will be limited.
• International merchants experienced a really hard season and most of them are reluctant to undertake risk at this stage.
• Ginners are focused on direct sales trying to take advantage of the strong demand, rather than thinking of selling on call the new crop.

Thrakika Ekkokistiria S.A.


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Mohammad Hassan
Biax Fiberfilm

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kerem Durdag
Biovation II LLC

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Ritu Kumar
Label Ritu Kumar

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

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


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