;
Home / Knowledge / News / Textiles / Drop in cotton acreage expected
Drop in cotton acreage expected
10
May '08
May has brought motion in sales mostly on behalf of international merchants.

For the last ten days things have been rather active on the Greek market. Three different types of new sales can be reported.

• On call basis Dec 08 of current crop with new crop delivery terms. As the market went lower the basis seemed more attractive to many ginners compared to the equivalent fix prices. There is plenty of time till Dec 08 so most ginners believe that they will have the opportunity to fix at a 'fair' price.

• On call basis July 08 of current crop with prompt shipment & shipments. Some ginners who had not sold serious quantities so far decided to commit some stocks basis July 08 provided they get an early payment.

• Direct sales of ginners to mostly Turkish spinners. Some Turkish mills decided to buy few 'hand to mouth' quantities at levels around 163-164 usc/kgs FOT. These levels seem attractive to ginners mainly because of the strengthening dollar.

As a result these last sales have reduced the current stocks which should be at the levels of 135 - 140,000 tons. Still this figure is a 'career high' for this month of the year and it is most likely that a big part of these stocks will be transferred into the new season.

The new crop plantings are developing under normal weather conditions without any serious problems so far. Everybody is talking about the drop in cotton acreage in favor of wheat - corn, but no one can make an accurate estimate on this shrink.


Must ReadView All

Courtesy: Lululemon

Apparel/Garments | On 16th Dec 2018

Lululemon’s net revenue up 21% in Q3 2018

Lululemon Athletica Inc, a healthy lifestyle inspired athletic...

Courtesy: Walmart

Apparel/Garments | On 16th Dec 2018

Rakuten, Walmart start Walmart ecommerce store in Japan

Rakuten and Walmart have joined hands to start the first Walmart...

Courtesy: H&M

Apparel/Garments | On 16th Dec 2018

H&M Group's wage summit discusses fair wages

The textile and fashion industries were brought together by H&M Group ...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal, Madhuram Fincap Pvt Ltd

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Sanjay Yagnik, Maa Tex Speciality

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Maya Simova,

Maya Simova

Inter Expo and Congress Center (IEC) is a prominent exhibition centre in...

Milva Morani,

Milva Morani

Brighi Technologies began in 1970 with trading and repairing sewing...

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

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

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

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