;
Home / Knowledge / News / Textiles / New Year to be year of 'High Cotton'
New Year to be year of 'High Cotton'
05
Jan '08
The 2008 New Year for cotton gives every promise to being "The Year of the Bull." With respect to promises, I am reminded that cotton promises less and gives more than any other crop. Said another way, 2008 will be the year of "High Cotton." (Of course the other part of that market adage is that cotton promises more and gives less than any other crop.)

It all depends on the hat you wear. Yet, with the nearby March seemingly comfortable at 68 cents, just slightly above its dominant range, but still within its long term price range, the reality of the upcoming significant decline in both U.S. and world cotton stocks appears to have creped in the market and is supporting prices at the upper end of the range.

We must watch the level of New York certificated stocks as well as demand, but just as 63 cents, basis the nearby futures, was the price low in from early October forward, it may well be that 67 cents will be the price low for the remainder of the year.

The annual Beltwide Cotton Conferences will be held next week with the venue in Nashville. There will be more than a few folks lining up to listen to the pundits discuss just how big the grain fed cotton bull will get before the slaughter. For me, I would think that bull will fatten up all the way into 2009.

The big export sales we have often seen through the New Year holidays failed to materialize this year. However, prices have once again left the textile mills behind…just as they did back at the 63 cent level in September-October. While a price setback is in order, the slippage will be both minor and short lived.


Must ReadView All

93% remediation in Alliance-affiliated factories complete

Textiles | On 17th Dec 2018

93% remediation in Alliance-affiliated factories complete

Remediation in all the factories affiliated with the Alliance for...

India should consider 100% FDI in multi-brand retail: CII

Apparel/Garments | On 17th Dec 2018

India should consider 100% FDI in multi-brand retail: CII

The Indian Government should consider permitting 100 per cent foreign ...

Texhong Textile acquires Winnitex for HK$1350 mn

Textiles | On 17th Dec 2018

Texhong Textile acquires Winnitex for HK$1350 mn

Texhong Textile Group, one of world’s largest core spun yarn...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Saket Garg, Garg Corporation

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Sonia Agarwal, Whitenife

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Mark Tokuhara,

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

C Dhandayuthapani,

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Vikram Saria,

Vikram Saria

Shanghai-based Aura Designs Ltd is a leading manufacturer of textile and...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Sonam & Paras Modi, SVA

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

Leave your Comments


December 2018

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

news category


Related Categories:

Advanced Search