Home / Knowledge / News / Textiles / NY future's rally boost Greek prices
NY future's rally boost Greek prices
19
Aug '10
NY future's rally has boosted Greek prices, undifined problems of green worm.

Even though prices are increasing on a daily basis, demand is not falling. Mostly it is International merchants who are following ginner's price ideas and finally committing small volumes of the new crop.

It is estimated that about 50,000 tons of the new crop has already been sold and sellers are getting even tougher in offering more. There is no reason for them to risk and commit additional quantities when they don't know yet their production cost (seed cotton prices) and the qualities produced.

Price wise, in the beginning of the week some sales were concluded at levels of 87.50 usc/lb FOT and following the NY futures rally we reached at the end of the week levels of 90 usc/lb FOT. At the same time several ginners who had open on call contracts basis Dec 10, took advantage of the rally and fixed their prices at attractive levels.

Regarding the new crop progress, there seem to be a problem with green worm in areas of Thessaly and Macedonia. It is too early to estimate the extend of such problem however, growers are doing whatever is necessary in order to minimize any damage.

HECOT S.A.

Must ReadView All

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Suresh Patel
Sidwin Fabric

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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