Home / Knowledge / News / Textiles / Lot of demand for the Greek new crop
Lot of demand for the Greek new crop
31
May '10
Current crop stocks are over and therefore ginners are focusing on the new crop. Recently, there is a lot of demand for the Greek new crop that has resulted to several new sales. Buyers are international merchants as well as Turkish spinners. The trend of last season, were fix prices where increasing and at the same time basis was also increasing, is still valid for the new crop.

As a result the new crop couple of months ago was sold at 75 c/lb FOT or even to 100 on Dec 10, while today offering fix prices are higher than 83 c/lb or 300-350 on Dec 10 FOT. It has become a tradition that whoever enters the Greek market earlier pays the cheapest price (fix or on call).

Regarding new crop acreage things are very promising. Combining several sources it is more likely that the acreage will reach about 250,000 he. In this calculation we are excluding the so called 'dry fields' which are the ones that farmers are cultivating only to get the subsidy.

Cotton fields in Lamia and Levadia areas will remain about the same while in Thessaly and Macedonia will increase by about 20-25%. Under normal weather conditions the lint production will easily exceed the 250,000 tons, while it is obvious that growers will aim for high yields having noticed the very competitive lint prices.

HECOT S.A.


Must ReadView All

US & EU retailers release industry approach to GDPR

Apparel/Garments | On 24th May 2018

US & EU retailers release industry approach to GDPR

The Washington, D.C.-based National Retail Federation and...

Global cotton consumption to reach record in 2018-19: USDA

Textiles | On 24th May 2018

Global cotton consumption to reach record in 2018-19: USDA

Reflecting continued growth in the global economy, world cotton mill...

Courtesy: Nanollose

Textiles | On 24th May 2018

Nanollose develops fabric from coconuts

Australian technology company Nanollose has developed a sustainable...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

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....

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ashok Desai
Bombay Textile Research Association

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search