Home / Knowledge / News / Textiles / Ginners are thinking their strategy for new crop
Ginners are thinking their strategy for new crop
Feb '11
Taking advantage of the strong NY futures in the beginning of the week and the global shortage of lint, ginner's sold some small stocks at levels of 181-185 usc/lb FOT depending on quality. Buyers were international merchants, domestic spinning mills and few Turkish spinners. The unsold stocks are about 15,000 tons out of which sellers are targeting to minimize this season's losses from the low price forward sales.

The social unrest and uncertainty in Egypt has affected also the Greek cotton market. Several sales to Egyptian spinners are now stuck in ports. Sellers are considering these exports as risky and in some cases will try to cancel the contract, selling the cargo to a third party. Of course everything will be settled in the following days when the situation in Egypt will be clearer and communication with banks and buyers easier.

As there are not many unsold stocks in our market, ginners are slowly thinking their strategy for the new crop. It is sure that the cotton acreage will increase by 25%, thus under normal weather conditions the lint production may reach the 340,000 tons.

The first new crop sales are actually the rollovers from current crop, as in cases that quantities were not enough to cover ginner's commitments, buyer and seller agreed to roll the balance to the new crop. Apart from these 'sales' ginners are seriously considering any attractive level basis Dec 11.


Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Giorgio Mantovani
Corman S.p.A

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Rupa Sood and Sharan Apparao

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


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