;
Home / Knowledge / News / Textiles / December contract is preparing to regain some steam
December contract is preparing to regain some steam
07
Jun '08
New York prices fell all week only to rebound on Friday along with most other commodities. Cotton is now well entrenched in trading its own fundamentals, but will still respond to price activity of other commodities. Yet, while the current fundamentals are even more bearish than the past four years, prices still remain significantly higher than in those years.

The single difference is that as the 2008 crop goes in the ground, world plantings have been reduced even more than had been expected. Additionally, the skyrocketing cost of inputs will force some areas to reduce input usage; thus, placing more pressure on world stocks since stocks are expected to fall substantially during the 2008-09 marketing year, as well as in the 2009-10 and 2010-11 marketing years.

Further, there is a growing concern of potential yield damage across the globe. Yet, we must remember that there is more than ample time for the yield potential to expand. Thus, the New York market has returned from its crazy days of early March and is now trading the expectation of a significantly tighter supply demand balance sheet.

Exports sales for the last week in May were just as bullish as those of the first week of May. The problem, however, was that sales during the middle of the month were very poor. For the week ending May 29, 2008 net sales totaled 555,300 RB. Upland sales totaled 553,500 RB. Pima sales were only 1,800 RB. China (352,800 RB); Turkey and Vietnam were the primary buyers of Upland.


Must ReadView All

Textile-garment park inaugurated in Ethiopia's Jimma

Textiles | On 15th Dec 2018

Textile-garment park inaugurated in Ethiopia's Jimma

President Omar al-Bashir of Sudan, President Ismail Omar of Djibouti...

Some trying to create unrest over wages: Bangla minister

Textiles | On 15th Dec 2018

Some trying to create unrest over wages: Bangla minister

Some people are trying to create unrest in Bangladesh over the...

India's Mufti to expand footwear retail to over 500 stores

Apparel/Garments | On 15th Dec 2018

India's Mufti to expand footwear retail to over 500 stores

Indian denim brand Mufti recently announced expansion of its footwear ...

Interviews View All

Anvita Mehra, Confidential Couture

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Top executives, Textile industry

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

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

Marcello Galvanin,

Marcello Galvanin

Galvanin has more than 50 years of experience in the production of textile ...

Vikas Banduke,

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Carolin Russ,

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kai Poehler, Voith Paper GmbH & Co. KG

Kai Poehler
Voith Paper GmbH & Co. KG

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

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth 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


December 2018

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

news category


Related Categories:

Advanced Search