Home / Knowledge / News / Textiles / Cotton seed market is warming up

Cotton seed market is warming up

14
Apr '08
Lack of new sales mostly caused by the weakening dollar.

There is not much activity lately on the Greek market. Ginners are very much influenced by the falling dollar and are asking for levels which seem to be on the high side (even July 08). Unfortunately these levels can't be followed by potential buyers and as a result we hardly heard of any new business concluded.

Turkish spinners are just asking for prices - inquiries but without any serious feedback. International merchants are still focused liquidating their positions however are expected to enter again our market shortly both on current and new crop. There are some rumors of Egyptian demand and possible new sales which are not yet confirmed.

As a result stocks are on a career high for this month of the year reaching almost the 150,000 of lint. There are several thoughts of keeping these stocks for the next season that we will have a reduction in cotton production.

As we are getting close to the cultivation period, the cotton seed market is warming up. Combining several sources it looks that we are going to have about 260,000 'seriously cultivated' hectares of cotton cultivation.

Under normal weather conditions this acreage may result to about 260-270,000 tons of lint. Of course it is too early to estimate production and right now we only make a guess.

Price wise as explained ginner's asking levels remain at the 'even' July for the pre-rain quality. However, there are some cases where offers can 1-2 c/lb lower due to cash flow reasons or lower quality.

In general the lack of buying mood and the absence of serious business reported gives a clear negotiating advantage to the buyers at this point.

Thrakika Ekkokistiria S.A.


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 29th Oct 2020

Bangladesh restored 40% of cancelled RMG orders: minister

Bangladesh foreign minister AK Abdul Momen recently said the...

Pic: Shutterstock

Textiles | On 29th Oct 2020

Uzbek trade body, Indonesian textile firm mull cooperation

Representatives of the Uzbekistan Textile and Garment Industry...

Pic: Shutterstock

Textiles | On 29th Oct 2020

PRC unofficially boycotts Australian cotton, imports halt

All cotton exports by Australia to China have reportedly stopped...

Interviews View All

Karel Williams, Dow Microbial Control

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Textile Industry, Head honchos

Textile Industry
Head honchos

Consumer sentiment will be conservative after lockdown

Headhonchos, Indian fashion industry

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Anupam Chakrabarty,

Anupam Chakrabarty

Headquartered in Finland, Helsinki, Lindström Group is a textile rental...

Saad Khaled Bari,

Saad Khaled Bari

Benetex Industries is a public ltd company established in year 1992 to...

Nuria Estape,

Nuria Estape

Archroma is a global colour and specialty chemicals company headquartered...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

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

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

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

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

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

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


October 2020

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


Advanced Search