Home / Knowledge / News / Textiles / Cotton prices to stabilise in 2009
Cotton prices to stabilise in 2009
21
Jul '08
Rob Imray
Rob Imray
The good news for growers as shrinking cotton production tightens the oversupply situation is that over time, this will allow cotton prices to stabilise and rise in 2009.

FarMarCo General Manager, Rob Imray, is a speaker on the physical price outlook for Australian cotton at the 14th Australian Cotton Conference, 12-14 August, at the Gold Coast.

He says that although US cotton acreage for 2008 is estimated at 3.75 million hectares, or 15pc below last year and the lowest level since 1983, “structural changes in the domestic market will still mean many growers may need to change the way they market their cotton.”

“While we expect the current situation to improve, we face a raft of challenges for domestic cotton prices in the short term.

Internationally, there is considerable uncertainty at present, creating difficulties in getting clear market signals,” explains Mr Imray.

“These problems are feeding down into the domestic market, and with several years of low production we are seeing a shrinking in merchant competition for grower cotton."

Price relativities at the farm gate between cotton and competing crops have never been more important for decision-making, and conference delegates will gain a valuable insight into the impact of the current price outlook on their bottom line.

“The short term uncertainty that has plagued the market over the 2008 cotton season would be largely alleviated with a rebalancing of the global supply and demand situation over the longer term,” says Mr Imray.

FarMarCo is a leading independent agricultural commodity marketing advisory firm and has been involved in the Australian cotton industry since the late 1980s as a broker and advisor to growers and the trade.

Australian Cotton Growers Research Association


Must ReadView All

Indian investors interested in denim production in Vietnam

Textiles | On 16th Aug 2018

Indian investors interested in denim production in Vietnam

Indian fabric firms are shifting attention from China to Vietnam,...

Pak ministry invests in training textile sector workers

Textiles | On 16th Aug 2018

Pak ministry invests in training textile sector workers

Pakistan’s ministry of commerce and textile industry is offering...

India's textiles, apparel exports fall by ₹8000 cr: Govt

Apparel/Garments | On 16th Aug 2018

India's textiles, apparel exports fall by ₹8000 cr: Govt

India’s textiles and apparel exports dropped by nearly ₹8,000 crore...

Interviews View All

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Wendell Rodricks
Wendell Rodricks

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing 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


August 2018

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

news category


Related Categories:

Advanced Search