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

Textiles | On 17th Jan 2017

GST rollout from July 1; states to control small taxpayers

The Centre and states have reached a consensus on the issue of dual...

Courtesy: Carnegie Fabrics

Textiles | On 17th Jan 2017

Calera Capital acquires majority stake in Carnegie Fabrics

Private equity firm Calera Capital has bought a majority stake in...

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Kerem Durdag
Biovation II LLC

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

Suresh Patel
Sidwin Fabric

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

Johan Berlin
InvestKonsult Sweden AB

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

Tony Ward
Tony Ward

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

Robert Brunner
Devereux

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

Rupa Sood and Sharan Apparao
Nayaab

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

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
January 2017

January 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