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

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Kaizad Hansotia

Competition is the best thing that can happen to a startup

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Kai Poehler
Voith Paper GmbH & Co. KG

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

Ashok Desai
Bombay Textile Research Association

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Tony Ward
Tony Ward

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
March 2017

March 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search